The Prospectus Regulations 2011 will amend the Financial Services and Markets Act 2000 (FSMA) to:

  • Increase from 100 to 150 the number of persons, other than qualified investors, to whom an offer of transferable securities may be made or directed at before it ceases to be exempt from the prospectus requirement; and
  • Increase from €2.5m to €5m the limit for the total consideration of an offer in the EU in respect of which a prospectus is not required.

The Regulations come into force on 31 July.

The Prospectus Regulations 2011

Click here to see the regulations in full.