This Consultation Paper describes the changes we plan to make to our Handbook to ensure our Prospectus Rules sourcebook (PR sourcebook) is consistent with the new EU Prospectus Regulation (the Regulation), due to come into effect in July 2019. The Regulation sets out the information companies need to disclose to investors and potential investors in a ‘prospectus’ when they are raising capital. To help firms and issuers, we plan to continue to reproduce text directly from the Regulation into our new sourcebook.
This Consultation Paper applies to UK and overseas issuers with UK-listed securities or those considering a UK listing of their securities and issuers and other persons who make public offers of transferable securities or seek admission of transferable securities to regulated markets in the UK. It also applies to firms and persons who invest in or deal in transferable securities through public offers or regulated markets in the UK.
We want to hear your feedback on our proposals.
Please send us your comments by Thursday 28 March 2019.
You can also:
Once the consultation is closed, we will consider the responses and aim to issue a policy statement by the end of May.