[F187PExercise of powers at request of competent authority of another EEA StateU.K.
(1)This section applies if—
(a)the competent authority of an EEA State other than the United Kingdom has approved a prospectus,
(b)the transferable securities to which the prospectus relates have been offered to the public in the United Kingdom or their admission to trading on a regulated market has been requested, and
(c)that competent authority makes a request that the competent authority assist it in the performance of its functions under the law of that State in connection with the prospectus directive.
(2)For the purpose of complying with the request mentioned in subsection (1)(c), the powers conferred by sections 87K and 87L may be exercised as if the prospectus were one which had been approved by the competent authority.
(3)Section 87N does not apply to an exercise of those powers as a result of this section.
(4)Section 87O does apply to such an exercise of those powers but with the omission of subsections (3)(e), (6) and (7).]
Textual Amendments
F1 Ss. 84-87R and cross-headings substituted for ss. 84-87 (1.7.2005) by The Prospectus Regulations 2005 (S.I. 2005/1433), reg. 2(1), Sch. 1 para. 5