PR Resource Note—PR 3—Approval and publication of prospectus [Archived]

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • PR Resource Note—PR 3—Approval and publication of prospectus [Archived]
  • Index
  • Setting the scene
  • Brexit impact
  • The Prospectus Regulation
  • Application of FCA Knowledge Base materials under the Prospectus Regulation
  • PR 3.1—Approval of prospectus
  • PR 3.1—Approval of prospectus—non-listed issuers
  • PR 3.1—Approval of prospectus—AIM issuers
  • PR 3.1.1 R—Applying for approval
  • More...

PR Resource Note—PR 3—Approval and publication of prospectus [Archived]

ARCHIVED: This Practice Note has been archived and is not maintained.

Last updated July 2019.

On 21 July 2019, the Prospectus Regulation (EU) 2017/1129 became fully applicable in EU member states and the Prospectus Directive was repealed. The Prospectus Regulation now regulates when a prospectus is required to be published in respect of an offer of securities to the public in the UK or the admission of securities to trading on a regulated market in the UK. The FCA aligned the FCA Handbook with the provisions of the Prospectus Regulation by deleting the Prospectus Rules in their entirety and replacing them with the Prospectus Regulation Rules sourcebook. For more information see Practice Note: The Prospectus Regulation—essentials and The Prospectus Regulation—is a prospectus required?

This note and related notes on the now repealed Prospectus Rules have been retained for reference as the commentary may still be applicable to corresponding provisions of the Prospectus Regulation Rules (PRR).

This Resource Note highlights relevant commentary, analysis and resources to assist with the interpretation of, and provide practical guidance on the application of, Chapter 3 of the former Prospectus Rules (PR 3).

Materials covered in this Resource Note include, where relevant:

  1. the Financial Conduct Authority (FCA) Handbook

  2. FCA Guidance in the Knowledge Base—Procedural notes and Technical notes (which constitute formal guidance and are binding on the

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