Paragraph 42 Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025

In Schedule 1 to the Financial Services and Markets Act 2023 (Private Intermittent Securities and Capital Exchange System Sandbox) Regulations 2025^f1 (modifications of legislation), for Part 6 substitute—

“Part 6

The Public Offers and Admissions to Trading Regulations 2024

This Part sets out modifications to the Public Offers and Admissions to Trading Regulations 2024. The provision specified in the first column is modified as provided for in the corresponding entry in the second column.

Provision	Modification
Regulation 7 (“offer of relevant securities to the public”)	Treat the list in paragraph (5) as including a reference to a communication in connection with trading on a PISCES.

”.