PARLIAMENTARY WRITTEN QUESTION
Capital Markets (21 July 2020)

To ask the Chancellor of the Exchequer, what assessment he has made of the adequacy of the level of the Prospective Regulation exemption limit of 8 million euros for secondary public offerings.

Asked by:
Dame Harriett Baldwin (Conservative)

The Prospectus Regulation is directly applicable EU legislation. The Regulation permits Member States to exempt offers of securities to the public, up to a maximum threshold of 8 million euros, from the obligation to produce a prospectus. In 2018, the government elected to set this threshold at its highest level.

The Prospectus Regulation also contains easements specific to secondary offerings, including a simplified prospectus document with lighter requirements.

Answered by:
John Glen (Conservative)
1 September 2020