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PS25/9: New rules for the public offers and admissions to trading regime

Published
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AI-generated Summary

Final rules for the UK public offers and admissions to trading regime, reforming the prospectus regime.

Written from the Regulation Tomorrow post (Norton Rose Fulbright) that links this paper, not from the paper itself.

Details

ReferencePS25/9
IssuerFCA
Published15 Jul 2025. Source: FCA, "PS25/9: New rules for the public offers and admissions to trading regime": "Policy statement published 15/07/2025" (read 19 Oct 2026)

FCA Handbook

Handbook provisions the Handbook lists against this paper (only those linked to MiFID II or MiFIR material are shown).

  • COBS 4.3.1R
    COBS Conduct of Business Sourcebook · in force from 19 Jan 2026
  • COBS 4.7.-2R
    COBS Conduct of Business Sourcebook · in force from 19 Jan 2026
  • COBS 10A.4.1R
    COBS Conduct of Business Sourcebook · in force from 6 Apr 2026
  • MAR 5.10.2R · Registering an MTF as an SME growth market
    MAR Market Conduct · in force from 19 Jan 2026
  • PROD 3.2.9G · Target market
    PROD Product Intervention and Product Governance Sourcebook · in force from 19 Jan 2026
  • PROD 3.3.8G · Distributing financial instruments manufactured by firms to whom PROD 3.2 does not apply including third country firms
    PROD Product Intervention and Product Governance Sourcebook · in force from 19 Jan 2026

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