5. a prospectus summary described in regulation

An issuer, an offeror or a person requesting admission who already has a registration statement approved by the Authority, must prepare a securities note and a prospectus summary when securities are offered or a request is made for admission to trading.

When sub·regulation (6) applies, the securities note must provide information that would normally be provided in the registration statement if there has been a material change or a recent development which could affect assessments by investors since the approval of the latest updated registration statement or any supplemental note to the prospectus.

If an issuer has filed a registration statement that has not been approved by the Authority, the entire documentation, including updated information, shall be subject to approval by the Authority.

The securities note and the prospectus summary must be submitted for approval by the Authority.

The prospectus must be drawn up in accordance with disclosures included in the guidelines issued by the Authority for the different categories of securities.

In situations where one or more of the information items referred to in the guidelines issued by the Authority or equivalent information is not pertinent to the issuer, to the offer or to the securities to which the prospectus relates, the information may be omitted.