Criteria for approval of prospectus by FCA
9.—(1) Section 87A (criteria for approval of prospectus by FCA)(1) is amended as follows.
(2) In subsection (1)(b), for “necessary information” insert “information required by Article 6(1) or 14(2) of the prospectus regulation”.
(3) In subsection (1)(c), for “or the prospectus directive” substitute “, the prospectus regulation or prospectus rules”.
(4) For subsection (2) substitute—
“(2) The necessary information is—
(a)the information required by Article 6(1) of the prospectus regulation, or
(b)in a case within Article 14(1) of that regulation, the information required by Article 14(2) of that regulation.”.
(5) Omit subsections (3) to (7).
(6) In subsection (8), omit “(except in subsection (5))”.
(7) Omit subsections (9) and (10).
Section 87A to 87R were inserted by S.I. 2005/1433. Section 87A was amended by section 16 of the Financial Services and Markets Act 2012, c. 21 and S.i. 2012/1538.