PRM 2.1 General content of a prospectus

A prospectus must contain the information required by: 

(1) regulation 23 of the Public Offers and Admissions to Trading Regulations (General requirements to be met by a prospectus or MTF admission prospectus); and

(2) rules imposed by this sourcebook.

The FCA will not approve a prospectus unless it is satisfied that PRM 2.1.1R has been complied with.

Provisions regarding the omission of information that would otherwise be required by PRM 2.1.1R can be found in PRM 6.1.1UK.

Provisions detailing omission of other information required by the other rules in PRM by way of waiver or modification may be found in PRM 6.1.2R.

The content of a prospectus must be written in English and presented in an easily analysable, concise and comprehensible form, taking into account: 

(1) the nature of the issuer;

(2) the type of transferable securities;

(3) the circumstances of the issuer; and

(4) whether transferable securities issued by the issuer have already been admitted to trading.

[Note: regulation 23(2) of the Public Offers and Admissions to Trading Regulations]

The content of the component or separate parts of a prospectus referred to PRM 2.2.2R must be consistent with each other.