PRM 1.2 Application

(1) Unless otherwise specified, the rules and guidance in this sourcebook apply to the designated activities specified in the Public Offers and Admissions to Trading Regulations as follows:

    (a) regulation 9 (Designated activities: public offers of relevant securities); and

    (b) regulation 10 (Designated activities: admissions to trading on regulated market).

(2)PRM 8 (Protected forward-looking statements) also applies to the designated activities specified in regulation 11 (Designated activities: admissions to trading on primary MTF) of thePublic Offers and Admissions to Trading Regulations, noting the application provision in MAR 5-A.1.8G.

The persons who are carrying out the designated activities specified in PRM 1.2.1R must comply with the rules in PRM, including (unless otherwise specified in a particular chapter or section):

(1) the issuer of transferable securities; 

(2) the person requesting admission to trading (if this is a person other than the issuer); and

(3) persons responsible for the preparation, or confirmation, of the content of a prospectus.

PRM 3 (Persons responsible for a prospectus or supplementary prospectus) contains the rules specifying which persons are responsible for the content of a prospectus.

GEN does not apply in respect of the rules and guidance in PRM, except as provided for in PRM 1.2.5R and PRM 1.2.6R.

The rules and guidance in GEN 1.3 , GEN 2.1, GEN 2.2.1R to GEN 2.2.16G and GEN 2.2.18R to GEN 2.2.25G apply to the following:

(1) persons carrying out the designated public offers and admissions to trading regulations activities referred to in PRM 1.2.1R; and

(2) persons responsible for the content of a prospectus in accordance with the rules and guidance in PRM 3 , 

as they apply to authorised persons, insofar as they do not already apply.

The persons identified in PRM 1.2.5R(1)and(2) must deal with the FCA in an open and cooperative way.