# Financial Services Act 1986 (repealed), Section 159: Offers of securities on admission to approved exchange.

Extent: E+W+S+N.I.

(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(2) Subsection (1) above does not apply if a prospectus relating to the securities has been delivered for registration under this Part of this Act in the previous twelve months and the approved exchange certifies that it is satisfied that persons likely to consider acquiring the securities will have sufficient information to enable them to decide whether to do so from that prospectus and any information published in connection with the admission of the securities.
(3) Subsection (1) above has effect subject to section 160A (exemptions) and section 161 (exceptions).

---
Source: https://www.legislation.gov.uk/ukpga/1986/60/section/159 (the official version)
Page: https://openlegislation.uk/financial-services-act-1986-repealed/section-159
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.