Regulation 12 Prohibition of public offers of relevant securities
(1)
It is unlawful for relevant securities to be offered to the public in the United Kingdom unless—
(a)
the offer is of a kind specified in Part 1 of Schedule 1, or
(b)
the offer is of a kind that consists entirely of a combination of two or more of the kinds of offer specified in that Part of that Schedule.
(2)
Part 2 of that Schedule contains provision supplementing Part 1 of the Schedule.