87 Approval of prospectus where no application for listing.U.K.
(1)Listing rules may provide for a prospectus to be submitted to and approved by the competent authority if—
(a)securities are to be offered to the public in the United Kingdom for the first time;
(b)no application for listing of the securities has been made under this Part; and
(c)the prospectus is submitted by, or with the consent of, the issuer of the securities.
(2)“Non-listing prospectus” means a prospectus submitted to the competent authority as a result of any listing rules made under subsection (1).
(3)Listing rules made under subsection (1) may make provision—
(a)as to the information to be contained in, and the form of, a non-listing prospectus; and
(b)as to the timing and manner of publication of a non-listing prospectus.
(4)The power conferred by subsection (3)(b) is subject to such provision made by or under any other enactment as the Treasury may by order specify.
(5)Schedule 9 modifies provisions of this Part as they apply in relation to non-listing prospectuses.
Modifications etc. (not altering text)
C1S. 87 extended (1.12.2001) by S.I. 2001/2957, arts. 1, 6(4); S.I. 2001/3538, art. 2(1)
Commencement Information
I1S. 87 wholly in force at 18.6.2001; s. 87 not in force at Royal Assent see s. 431(2); s. 87(4)(5) in force at 25.2.2001 by S.I. 2001/516, art. 2(a), Sch. Pt. 1; s. 87 in force in so far as not already in force at 18.6.2001 by S.I. 2001/1820, art. 2, Sch.