Prospectus requirements: exempt offers, approval and FCA powers2.

(1)

In section 864 of the Act (exempt offers to the public), in subsections (1A)(c) and (1B)(a), after “the FCA” insert “or the competent authority of another EEA State”.

(2)

In section 87A5 of the Act (criteria for approval of prospectus by FCA), omit subsection (7A).

(3)

In section 87K6 of the Act (power to suspend or prohibit offer to the public), in subsection (1) omit “in the United Kingdom”.

(4)

In section 87L7 of the Act (power to suspend or prohibit admission to trading on a regulated market), in subsection (1) omit “situated or operating in the United Kingdom”.