Securities Markets Regulations, 2015 · As enacted · Part II
Section 15
Official textFrom Attorney General's Chambers, unchanged
If there arises or is noted a significant new factor, material mistake or inaccuracy relating to information included in a prospectus approved by the
Authority, the person on whose application the prospectus was approved must, in accordance with prospectus regulations, submit a supplementary prospectus containing details of the new factor, material mistake or inaccuracy to the
Authority for its approval within a relevant period.
The relevant period begins when the prospectus is approved by the
Authority and ends
with the closure of the offering of the securities to which the prospectus relates; or
when trading in those securities on a regulated market begins.
Any person responsible for the prospectus who is aware of any new factor, material mistake or inaccuracy that may require the submission of a supplementary prospectus must give notice of it to the issuer of the securities to which the prospectus relates, and the person on whose application the prospectus was approved.
A supplementary prospectus must provide sufficient information to address the new factor, correct any material mistake or inaccuracy that gave rise to the need for it.
An investor has a right to withdraw his acceptance after a supplementary prospectus is published.
Responsibility of experts.