1. This Guidance is issued under section 15(2) of the Financial Services and Markets Regulations 2015 (“FSMR”). It should be read in conjunction with FSMR and the Market Rules (“MKT”) of the Financial Services Regulatory Authority (“FSRA”).
2. This Guidance is published to assist Issuers, Listed Entities, Reporting Entities and their advisors in understanding when a Prospectus is required, what information should be disclosed in a Prospectus, and what process should be followed to apply for approval of a Prospectus.
3. FSMR and MKT set out the requirements for the content of a Prospectus. The information set out in this Guidance on how to draw up a Prospectus and best meet its disclosure requirements is intended to improve the quality of a draft Prospectus submitted to the FSRA for approval, making the review process by the FSRA more efficient.
4. Unless otherwise defined, or the context otherwise requires, the terms contained in this Guidance have the same meaning as defined in FSMR or the FSRA Glossary Rulebook. In the “Disclosure requirements” section, where a reference is made to an RS item, it should be ...