Prospectus Directive

The UK's Prospectus Rules were amended with effect from 31 July 2011 in an attempt to help businesses raise equity finance without needing to produce a prospectus. The main amendments are:

the number of investors to whom an offer of securities may be made without a prospectus has increased from 100 to 150, and the value of an offer of securities that may be made without a prospectus has increased from ?2.5 million to ?5 million.

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