The Prospectus (Amendment etc.) (EU Exit) Regulations 2019

Subject matter, scope and exemptions

32.—(1) Article 1 is amended as follows.

(2) In paragraph 1, for “a Member State” substitute “the United Kingdom”.

(3) In paragraph 2—

(a) for point (b) substitute—

“(b) non-equity securities issued by—

(i) the government of any country or territory,

(ii) a local or regional authority of any country or territory,

(iii) a public international body of which any state is a member,

(iv) the European Central Bank or the central bank of any state;”

(b) in point (c), for “the Member States” substitute “any state”;

(c) in point (d) for “a Member State or” to the end, substitute “the government or a local or regional authority of any country or territory”;

(d) in point (e), for “Member State” substitute “state”.

(4) In paragraph 4—

(a) in point (b), for “per Member State” substitute “in the United Kingdom”;

(b) in point (j), for “Union” substitute “United Kingdom”.

(5) In paragraph 5, in the first subparagraph, in point (j)(v), omit the words “in the Member State of the regulated market where admission to trading is sought” and the words “of the Member State of the regulated market where admission is sought”.

(6) For paragraph 7 substitute—

“7.   The Treasury may by regulations specify the minimum information content of the documents referred to in points (f) and (g) of paragraph 4 and points (e) and (f) of the first subparagraph of paragraph 5 of this Article.”.