SCHEDULES
C1C2F2SCHEDULE 3 Mandatory Contents of Prospectus
Sch. 3 applied with modifications by S.I. 1985/680, regs. 4–6, Sch.
Sch. 3 modified by S.I. 1991/823, reg. 2(1), Sch.1
F1Part I Matters to be Stated
Sch. 3 repealed by Financial Services Act 1986 (c. 60, SIF 69), s. 212(3), Sch. 17 Pt. I (the repeal being or coming into force as mentioned in S.I. 1986/2246, art. 5, Sch. 4, 1988/1960, art. 4 (as amended) and S.I. 1988/2285, art. 5 and being otherwiseprosp.)
Property acquired or to be acquired by the company
9
1
The following applies for the interpretation of paragraphs 6, 7 and 8.
2
Every person is deemed a vendor who has entered into any contract (absolute or conditional) for the sale or purchase, or for any option of purchase, of any property to be acquired by the company, in any case where—
a
the purchase money is not fully paid at the date of the issue of the prospectus,
b
the purchase money is to be paid or satisfied wholly or in part out of the proceeds of the issue offered for subscription by the prospectus,
c
the contract depends for its validity or fulfilment on the result of that issue.
3
Where any property to be acquired by the company is to be taken on lease, paragraphs 6, 7 and 8 apply as if “vendor” included the lessor, “purchase money” included the consideration for the lease, and “sub-purchaser” included a sub-lessee.
4
For purposes of paragraph 7, where the vendors or any of them are a firm, the members of the firm are not to be treated as separate vendors.
Schs. 1-15B repealed (prosp.) by Companies Act 2006 (c. 46), ss. 1295, 1300, Sch. 16 and the repeal being partly in force, as to which see individual provisions