The Public Offers and Admissions to Trading (Amendment and Consequential and Transitional Provisions) Regulations 2025

Citation, commencement, extent and interpretation

1.—(1) These Regulations may be cited as the Public Offers and Admissions to Trading (Amendment and Consequential and Transitional Provisions) Regulations 2025.

(2) Regulation 2 comes into force at the end of the period of 21 days beginning with the day after that on which these Regulations are made.

(3) The remaining provisions of these Regulations come into force on the day on which the revocation of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC(1) by section 1(1) of, and Schedule 1 to, the Financial Services and Markets Act 2023 comes into force.

(4) These Regulations extend to England and Wales, Scotland and Northern Ireland.

(5) In these Regulations—

(a) “the Act” means the Financial Services and Markets Act 2000;

(b) “the 2024 Regulations” means the Public Offers and Admissions to Trading Regulations 2024(2);

(c) “the commencement day” means the day mentioned in paragraph (3);

(d) “the new regulated activity” means the activity specified in article 25DB of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (operating an electronic system for public offers of relevant securities)(3).

(1)

EUR 2017/1129.

(2)

S.I. 2024/105.

(3)

S.I. 2001/544; article 25DB is inserted by S.I. 2024/105.