Prospectus Rules

The Financial Conduct Authority (www.practicallaw.com/5-107-5761) rules introduced to implement the Prospectus Directive (www.practicallaw.com/8-200-9274) in the UK. Broadly, they require the issue of a prospectus, unless an exemption applies, whenever there is either an offer of transferable securities (www.practicallaw.com/9-200-9278) to the public in the UK or a request for the admission to trading of transferable securities on a regulated market in the UK. They set out the form, content and approval requirements for prospectuses and are contained in the Prospectus Rules sourcebook.

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