Statutory Instruments
2011 No. 1668
Financial Services And Markets
The Prospectus Regulations 2011
Made
7th July 2011
Laid before Parliament
8th July 2011
Coming into force
31st July 2011
The Treasury are a government department designated( 1 ) for the purposes of section 2(2) of the European Communities Act 1972( 2 ) in relation to—
(a) matters relating to the listing of securities on a stock exchange and information concerning listed securities; and
(b) measures relating to prospectuses on offers of transferable securities to the public.
The Treasury, in exercise of the powers conferred by section 2(2) of that Act, make the following Regulations:
Citation, commencement and amendments
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( 3 ) (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)”.
Michael Fabricant
Jeremy Wright
Two of the Lords Commissioners of Her Majesty’s Treasury
7th July 2011
1972 c.68 ; section 2(2) was amended by section 27 of the Legislative and Regulatory Reform Act 2006 (c.51) and by section 3 of, and the Schedule to, the European Union (Amendment) Act 2008 (c. 7) .
2000 c. 8 ; section 86 was substituted and Schedule 11A inserted by S.I. 2005/1433 .