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6.—(1) Section 85 (prohibition of dealing etc in transferable securities without approved prospectus)(1) is amended as follows.
(2) In subsection (5), for paragraphs (a) and (b) substitute—
“(a)those listed in Article 1(2) of the prospectus regulation;
(b)any offered in an offer falling within Article 1(3) of the prospectus regulation.”.
(3) In subsection (6), for “other than” to the end, substitute “other than those listed in Article 1(2) of the prospectus regulation.”
(4) After subsection (6) insert—
“(6A) Schedule 11A makes provision that applies for the purposes of Article 1(2)(e) of the prospectus regulation.”
(5) After subsection (7) insert—
“(8) A prospectus approved by the competent authority of an EEA State other than the United Kingdom is an approved prospectus for the purposes of this section only if the prospectus, and any supplement, has been notified in accordance with Article 25 of the prospectus regulation.”.
Section 85 was substituted by S.I. 2005/1433.
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