The Public Offers and Admissions to Trading Regulations 2024
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Change 1
31 Provisions supplementary to regulation 30
(1) Regulation 30(1) to (6) and Part 2 of Schedule 2 do not affect any liability which may be incurred apart from regulation 30. (2) References in regulation 30 to the acquisition by a person of transferable securities include references to the person’s contracting to acquire them or any interest in them. (3) A person (P) does not incur any liability under regulation 30 for failing to disclose— (a) in a case where P is responsible for a prospectus, information which P is entitled to omit by virtue of regulation 25; (b) in a case where P is not responsible for a prospectus, information which P would not be required to disclose in a prospectus if P were responsible for the prospectus. (4) The reference in paragraph (3) to a person incurring liability includes a reference to any other person being entitled as against that person to be granted any civil remedy or to rescind or repudiate an agreement. (5) In this regulation “prospectus” includes an MTF admission prospectus.
31 Provisions supplementary to regulation 30
(1) Regulation 30(1) to (6) and Part 2 of Schedule 2 do not affect any liability which may be incurred apart from regulation 30. (2) References in regulation 30 to the acquisition by a person of transferable securities include references to the person’s contracting to acquire them or any interest in them. (3) A person (P) does not incur any liability under regulation 30 for failing to disclose— (a) in a case where P is responsible for a prospectus, information which P is entitled to omit by virtue of regulation 25; (b) in a case where P is not responsible for a prospectus, information which P would not be required to disclose in a prospectus if P were responsible for the prospectus. (4) The reference in paragraph (3) to a person incurring liability includes a reference to any other person being entitled as against that person to be granted any civil remedy or to rescind or repudiate an agreement. (5) In this regulation “prospectus” includes an MTF admission prospectus.
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