Regulatory Alerts2025-07-15
Added · Updated
Final rules for public offer platforms
The document establishes final rules for the new public offer platform (POP) regime, creating a regulated activity for operating electronic systems for public offers of relevant securities. It replaces the prospectus obligation for off-market public offers of £5 million or more with tailored due diligence and disclosure requirements for POP operators, while offers below this threshold remain exempt. These rules come into effect on 19 January 2026 and apply to firms holding permission to carry out the new regulated activity, affecting companies making public offers, investors, and various professional advisers.
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