# The Public Offers of Securities (Amendment) (No. 2) Regulations 1999, Note: Explanatory note


(This note is not part of the Regulations)
These Regulations further amend the Public Offers of Securities Regulations 1995, which implement Council Directive 89/298/EEC, coordinating the requirements for the drawing-up, scrutiny and distribution of the prospectus to be published when transferable securities are offered to the public (OJ L124, 5.5.89, p. 8). They provide for a wider definition of the circumstances in which offers of Euro-securities may be advertised whilst benefiting from an exemption from the requirement to publish a prospectus.
These Regulations revoke provisions in the Public Offers of Securities (Amendment) Regulations 1999 which also dealt with Euro-securities and which will not now come into force.

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Source: https://www.legislation.gov.uk/uksi/1999/1146/note (the official version)
Page: https://openlegislation.uk/public-offers-of-securities-amendment-no-2-regulations-1999/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.