# The Public Offers of Securities Regulations 1995, Regulation 3: Investments to which this Part applies


(1) This Part of these Regulations applies to any investment which—
(a) is not admitted to official listing, nor the subject of an application for listing, in accordance with Part IV of the Act; and
(b) falls within paragraph 1, 2, 4 or 5 of Schedule 1 to the Act.
(2) In the application of those paragraphs for the purposes of these Regulations—
(a) debentures having a maturity of less than one year from their date of issue shall be deemed to be excluded from paragraph 2;
(b) the note to paragraph 1 shall have effect with the omission of the words “, except in relation to any shares of a class defined as deferred shares for the purposes of section 119 of the Building Societies Act 1986,”;
(c) paragraphs 4 and 5 shall have effect with the omission of references to investments falling within paragraph 3; and
(d) paragraph 4 shall have effect as though after the words “subscribe for” there were inserted “or acquire”.

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Source: https://www.legislation.gov.uk/uksi/1995/1537/regulation/3 (the official version)
Page: https://openlegislation.uk/public-offers-of-securities-regulations-1995/regulation-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.