Financial Law Committee - Letter Prospectus Regime

The CLLS Financial Law Committee wrote to the Economic Secretary to the Treasury and City Minister on the issue of the Financial Services and Markets Act 2000 (Public Offers and Admissions to Trading) Regulations 2023. The committee expressed concerns that the proposed changes brought within the scope of the new Public Offer prohibition many transactions wholly unsuited to the regime set out in the proposed Statutory Instrument, and suggested other routes by which the aims of the SI could be achieved.