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Prospectus Rules (PR)The Financial Services Authority rules introduced to implement the Prospectus Directive in the UK. Broadly, they require the issue of a prospectus, unless an exemption applies, whenever there is either an offer of transferable securities (transferable security) to the public in the UK or a request for the admission to trading of transferable securities on a regulated market in the UK. They set out the form, content and approval requirements for prospectuses and are contained in the FSA's Prospectus Rules sourcebook.Related links
Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010.