Paragraph 2

United Kingdom

(1)

For the purposes of this Schedule, an offer of securities is an “exempt offer” if, to the extent that the offer is made to persons in the United Kingdom—

(a)

the condition specified in any of paragraphs 3 to F124A is satisfied in relation to the offer; or

(b)

the condition specified in one relevant paragraph is satisfied in relation to part, but not the whole, of the offer and, in relation to each other part of the offer, the condition specified in a different relevant paragraph is satisfied.

(2)

The relevant paragraphs are 3 to 8, 12 to 18 and 21.

Annotations

Textual amendments

F1: Word in Sch. 11 para. 2(1)(a) substituted (14.9.2001) by S.I. 2001/2955, regs. 1, 2(a)

Notes on Schedule 11

Textual amendments

F1: Sch. 11 repealed (1.7.2005) by The Prospectus Regulations 2005 (S.I. 2005/1433), reg. 2(1), Sch. 1 para. 16