# The Public Offers of Securities Regulations 1995, Paragraph 3


Subsection (3) of section 156B of the Act shall not apply to a European institution carrying on home-regulated investment business in the United Kingdom which contravenes subsection (1) of that section, but it shall be treated for all purposes—
(a) if it is not a member of a recognised self-regulating organisation, as having contravened rules made under Chapter V of Part I of the Act; or
(b) if it is a member of a recognised self-regulating organisation, as having contravened the rules of that organisation

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Source: https://www.legislation.gov.uk/uksi/1995/1537/schedule/2/paragraph/3 (the official version)
Page: https://openlegislation.uk/public-offers-of-securities-regulations-1995/schedule-2/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.