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).