This section has no associated Explanatory Memorandum
6.—(1) Section 85 (prohibition of dealing etc in transferable securities without approved prospectus) is amended as follows.
(2) For the heading, substitute “Contravention of prohibition relating to public offer of securities”.
(3) Omit subsections (1) and (2).
(4) In subsection (3), for “subsection (1) or (2)” substitute “regulation 12 of the Public Offers and Admissions to Trading Regulations 2024 (prohibition of public offers of relevant securities)”.
(5) In subsection (4), for “subsection (1) or (2)” substitute “regulation 12 of the Public Offers and Admissions to Trading Regulations 2024”.
(6) Omit subsections (5) to (7).