Please note that the date you requested in the address for this web page is not an actual date upon which a change occurred to this item of legislation. You are being shown the legislation from , which is the first date before then upon which a change was made.

Part VIU.K. Official Listing

Modifications etc. (not altering text)

MiscellaneousF1U.K.

Textual Amendments

X1103 Interpretation of this Part.U.K.

(1)In this Part—

  • “application” means an application made under section 75;

  • [F2 “disclosure rules” has the meaning given in section 73A;]

  • [F3“financial instrument” has the meaning given in Article 1(3) of Directive 2003/6/EC of the European Parliament and the Council of 28 January 2003 on insider dealing and market manipulation (market abuse);]

  • [F4“inside information” has the meaning given in section 118C;]

  • [F5“issuer”, in relation to anything which is or may be admitted to the official list, has such meaning as may be prescribed by the Treasury, and in any other case means a person who issues financial instruments;]

  • “listing” has the meaning given in section 74(5);

  • “listing particulars” has the meaning given in section 79(2);

  • [F6“listing rules” has the meaning given in section 73A;]

  • “new securities” has the meaning given in section 84(2);

  • “the official list” means the list maintained as the official list by the Authority immediately before the coming into force of section 74, as that list has effect for the time being;

  • [F7“Part 6 rules” has the meaning given in section 73A;]

  • [F8“the prospectus directive” means Directive 2003/71/EC of the European Parliament and of the Council on the prospectus to be published when securities are offered to the public or admitted to trading;]

  • [F9“regulated market” has the meaning given in Article 1(13) of the investment services directive;]

  • “security” (except in section 74(2)) has the meaning given in section 74(5).

(2)In relation to any function conferred on the competent authority by this Part, any reference in this Part to the competent authority is to be read as a reference to the person by whom that function is for the time being exercisable.

(3)If, as a result of an order under Schedule 8, different functions conferred on the competent authority by this Part are exercisable by different persons, the powers conferred by section 91 are exercisable by such person as may be determined in accordance with the provisions of the order.

(4)For the purposes of this Part, a person offers securities if, and only if, as principal—

(a)he makes an offer which, if accepted, would give rise to a contract for their issue or sale by him or by another person with whom he has made arrangements for their issue or sale; or

(b)he invites a person to make such an offer.

(5)“Offer” and “offeror” are to be read accordingly.

(6)For the purposes of this Part, the question whether a person offers securities to the public in the United Kingdom is to be determined in accordance with Schedule 11.

(7)For the purposes of subsection (4) “sale” includes any disposal for valuable consideration.

Editorial Information

X1The insertion of the new heading "Interpretative provisions" in Pt. VI on 1.7.2005 gives rise to a change in the structure of this legislation on SLD which breaks the continuity of historical versions of the existing provisions which are now brought under that new heading.

Textual Amendments