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Financial Services and Markets Act 2000, Section 87G is up to date with all changes known to be in force on or before 23 December 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)Subsection (2) applies if, during the relevant period, there arises or is noted a significant new factor, material mistake or inaccuracy relating to the information included in a prospectus approved by the [F2FCA].
(2)The person on whose application the prospectus was approved must, in accordance with prospectus rules, submit a supplementary prospectus containing details of the new factor, mistake or inaccuracy to the [F2FCA] for its approval.
(3)The relevant period begins when the prospectus is approved and ends—
(a)with the closure of the offer of the transferable securities to which the prospectus relates; or
(b)when trading in those securities on a regulated market begins.
[F3(3A)But where the prospectus relates both to an offer of transferable securities to the public and the admission of those securities to trading on a regulated market, subsection (3) does not apply and the relevant period begins when the prospectus is approved and ends with the later of—
(a)the closure of the offer to the public to which the prospectus relates, or
(b)the time when trading in those securities on a regulated markets begins.]
(4) “Significant” means significant for the purposes of making an informed assessment of the kind mentioned in section 87A(2).
(5)Any person responsible for the prospectus who is aware of any new factor, mistake or inaccuracy which may require the submission of a supplementary prospectus in accordance with subsection (2) must give notice of it to—
(a)the issuer of the transferable securities to which the prospectus relates, and
(b)the person on whose application the prospectus was approved.
(6)A supplementary prospectus must provide sufficient information to correct any mistake or inaccuracy which gave rise to the need for it.
(7)Subsection (1) applies also to information contained in any supplementary prospectus published under this section.]
Textual Amendments
F1 Ss. 84-87R and cross-headings substituted for ss. 84-87 (1.7.2005) by The Prospectus Regulations 2005 (S.I. 2005/1433), reg. 2(1), Sch. 1 para. 5
F2Words in s. 87G substituted (24.1.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 16(2)(3)(d), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(c), Sch. Pt. 3; S.I. 2013/423, art. 3, Sch.
F3S. 87G(3A) inserted (1.7.2012) by The Prospectus Regulations 2012 (S.I. 2012/1538), regs. 1(1), 5(1)
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