PR 4
Use of languages and third
country issuers
PR 4.1
Use of languages
- 01/07/2005
Language
PR 4.1.1
See Notes
If
an offer is made, or admission to trading is sought, only in
the United Kingdom and the United Kingdom is the Home
State, the prospectus must
be drawn up in English. [Note: article 19.1 PD]
- 01/07/2005
PR 4.1.2
See Notes
If an offer is
made, or admission to trading is
sought, in more than one EEA State including
the United Kingdom and the United Kingdom is the Home
State, the prospectus must
be drawn up in English and must also be made available either in a language
accepted by the competent authorities of each Host
State or in a language customary in the sphere of international
finance, at the choice of the issuer, offeror or person requesting
admission (as the case may be). [Note: article
19.3 PD]
- 01/07/2005
PR 4.1.3
See Notes
(1) If an offer is
made, or admission to trading is
sought, in one or more EEA States excluding
the United Kingdom and the United Kingdom is the Home
State, the prospectus must
be drawn up in a language accepted by the competent authorities of those EEA States or in a language customary in
the sphere of international finance, at the choice of the issuer, offeror or person requesting
admission (as the case may be). [ Note: article
19.2 PD ]
(2) For the purpose of the scrutiny
by the
FSA
where the United
Kingdom is the Home State,
the prospectus must be drawn
up either in English or in another language customary in the sphere of international
finance, at the choice of the issuer, offeror or person requesting
admission (as the case may be). [ Note: article
19.2 PD ]
- 01/07/2005
PR 4.1.4
See Notes
If admission
to trading of non-equity transferable
securities whose denomination per unit amounts to at least 50,000 euros (or an equivalent amount)
is sought in the United Kingdom or
in one or more other EEA States,
the prospectus must be drawn
up in either a language accepted by the competent authorities of the Home State and Host
States or in a language customary in the sphere of international
finance, at the choice of the issuer, offeror or person requesting
admission (as the case may be). [ Note: article
19.4 PD ]
- 01/07/2005
English language
PR 4.1.5
See Notes
- 01/07/2005
Language customary in the sphere of international finance
PR 4.1.5A
See Notes
The
FSA
will consider a language to be customary
in the sphere of international finance if documents in that language are accepted
for scrutiny and filing in at least three international capital markets in
each of the following:
(1) Europe;
(2) Asia; and
(3) the Americas.
- 06/08/2007
Summary to be translated into English
PR 4.1.6
See Notes
If:
the offeror must ensure that the summary is translated into English. [ Note: article 19.2 PD ]
(2) a prospectus relating
to the transferable securities has
been approved by the competent authority of another EEA
State and the prospectus contains
a summary; and
(3) the prospectus is drawn up in a language other than English
that is customary in the sphere of international finance;
the offeror must ensure that the summary is translated into English. [ Note: article 19.2 PD ]
- 06/08/2007
PR 4.2
Third country issuers
- 01/07/2005
Approval of prospectus drawn up in accordance with third country laws
PR 4.2.1
See Notes
If a prospectus relating
to an issuer that has its registered
office in a country that is not an EEA State is
drawn up in accordance with the legislation of that country, the
FSA
may, if the United
Kingdom is the Home State in
relation to the issuer, approve
the prospectus if it is satisfied
that:
(1) the prospectus has
been drawn up in accordance with international standards set by international
securities commission organisations, including the IOSCO disclosure standards;
and
(2) the information requirements, including
information of a financial nature, are equivalent to the requirements under
Part 6 of the Act, the PD Regulation and these rules.
[ Note: article 20.1 PD ]
- 01/07/2005
PR 4.2.2
See Notes
An applicant for
the approval of a prospectus referred
to in PR 4.2.1 R will need to comply with relevant requirements of the Act, the PD
regulation and these rules including
(to the extent applicable) PR 3.1 relating to applying for approval of a prospectus.
- 01/07/2005