SCHEDULES

SCHEDULE 3Amendments to legislation

PART 1Amendments to primary legislation

Financial Services and Markets Act 2000

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).