# The Public Offers and Admissions to Trading Regulations 2023, 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.

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Source: https://www.legislation.gov.uk/ukdsi/2023/9780348254235/regulation/12 (the official version)
Page: https://openlegislation.uk/draft-public-offers-and-admissions-to-trading-regulations-2023/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.