SCHEDULES

F1SCHEDULE 11

Annotations:
Amendments (Textual)

The general rule

1

1

A person offers securities to the public in the United Kingdom if—

a

to the extent that the offer is made to persons in the United Kingdom, it is made to the public; and

b

the offer is not an exempt offer.

2

For this purpose, an offer which is made to any section of the public, whether selected—

a

as members or debenture holders of a body corporate,

b

as clients of the person making the offer, or

c

in any other manner,

is to be regarded as made to the public.