Citation, commencement and amendmentsU.K.
This section has no associated Explanatory Memorandum
1.—(1) These Regulations may be cited as the Prospectus Regulations 2011 and come into force on 31st July 2011.
(2) In section 86(1)(b) of the Financial Services and Markets Act 2000(1) (exempt offers to the public), for “100 persons” substitute “150 persons”.
(3) In paragraph 9(1) of Schedule 11A to that Act (transferable securities), for “the total consideration of the offer is less than 2,500,000 euros (or an equivalent amount)” substitute “the total consideration of the offer in the European Union is less than 5,000,000 euros (or an equivalent amount)”.
Commencement Information
I1Reg. 1 in force at 31.7.2011, see reg. 1(1)
(1)
2000 c. 8; section 86 was substituted and Schedule 11A inserted by S.I. 2005/1433.