Monday, 11 July 2011

UK: the Prospectus Regulations 2011

The Prospectus Regulations 2011 were made on 7 July, laid before Parliament on 8 July and come into force on 31 July. A copy of the Regulations is available here and here (pdf). An explanatory memorandum is available here (pdf). The Regulations amend the Financial Services and Markets Act 2000 in order to implement part of Directive 2010/73/EU, the result of which is to increase certain thresholds regarding the circumstances in which a prospectus must be issued.

Update (15 October 2011): a correct slip for the Regulations has been published: see here (pdf).

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