Part VI Official Listing

F1Registered investors

87RRegister of investors

(1)

The competent authority must establish and maintain, in accordance with this section and prospectus rules, a register of investors for the purposes of section 86.

(2)

An individual may not be entered in the register unless—

(a)

he is resident in the United Kingdom; and

(b)

he meets at least two of the criteria mentioned in Article 2.2 of the prospectus directive.

(3)

A company may not be entered in the register unless—

(a)

it falls within the meaning of “small and medium-sized enterprises” in Article 2.1 of the prospectus directive; and

(b)

its registered office is in the United Kingdom.

(4)

A person who does not fall within subsection (2) or (3) may not be entered in the register.