10.—(1) Section 87A (criteria for approval of prospectus by FCA)(1) is amended as follows.
(2) In subsection (1)—
(a)omit paragraph (a);
(b)in paragraph (c), for “this Part or the prospectus directive” substitute “qualifying prospectus legislation”.
(3) In subsection (2A), omit “EEA”.
(4) In subsection (7)(a), omit the words from “and any competent” to “87I”.
(5) After subsection (10) insert—
“(11) In this Part “qualifying prospectus legislation” means—
(a)the provisions of this Part,
(b)prospectus rules,
(c)any EU regulation, originally made under the prospectus directive, that is retained direct EU legislation,
(d)regulations made by the Treasury under regulation 71 of the Official Listing of Securities, Prospectus and Transparency (Amendment etc.) (EU Exit) Regulations 2019 for a purpose specified in paragraphs 3 to 9 of Schedule 2 to those Regulations, and
(e)technical standards made by the FCA under regulation 72 of those Regulations for a purpose specified in paragraphs 22 to 30 of that Schedule.”.
Sections 87A to 87R were inserted by S.I. 2005/1433.