| Description |
xxxiii, 300 pages ; 25 cm |
| Contents |
Contents note continued: Additional requirement for debt and derivative securities -- Additional requirements for asset-backed securities -- Business overview -- Organisational structure -- Property, plants and equipment -- Operating and financial review and capital resources -- Research and development -- Trend information -- Equity securities -- Debt and derivative securities and banks -- Additional requirement for retail debt and derivative securities and banks -- Profit forecasts -- Management -- Equity securities -- Debt and derivative securities and banks -- Remuneration and benefits -- Board practices -- Equity securities -- Retail debt securities -- Employees -- Major shareholders -- All securities -- Additional requirements for equity securities -- Related party transactions -- Financial information -- Audited historical financial information -- Pro forma financial information -- Financial statements -- Auditing of historical annual financial information -- |
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Contents note continued: Age of latest financial information -- Interim and other financial information -- Dividend policy -- Legal and arbitration proceedings -- Significant change in the issuer's financial or trading position -- Additional information -- Equity securities -- Retail debt and derivative securities -- Material contracts -- Equity securities -- Debt and derivative securities and banks -- Third party information -- Expert's statement -- Third party sources -- Documents on display -- Information on holdings -- Working capital statement -- Capitalisation and indebtedness -- ch. 8 Guarantors -- ch. 9 Specialist Issuers -- Introduction -- Property companies -- Mineral companies -- Scientific research based companies -- Start-up companies -- Shipping companies -- ch. 10 Pro Forma Information -- Introduction -- Pro forma disclosure requirements -- ch. 11 Summaries -- Introduction -- Disclosure requirements for summaries -- ch. 12 States and Public International Bodies -- |
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Contents note continued: Capital expenditure, finance and related parties -- Competition -- Issuer-specific sections -- Other sections -- Management and employees -- Other related sections -- ch. 3 The Financial Review -- Introduction -- Purpose of financial review -- Preparing and reviewing financial review disclosure -- Structure and content of a financial review section -- Overview -- Principal factors affecting results of operations -- Recent developments -- Significant accounting policies -- Critical accounting judgments and key sources of estimation uncertainty -- Income statement comparison -- Segmental analysis -- Liquidity and capital resources -- Cash flow -- Borrowings -- Capital expenditure -- Balance sheet analysis -- Off-balance sheet items -- Capital adequacy -- Related party transactions -- Disclosure about risk -- Progressing the draft -- Financial review -- additional guidance -- Purpose -- Presentation -- Non-financial information -- Projections -- |
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Contents note continued: Contractual protection -- Warranties and indemnity -- Conditions precedent -- ch. 17 Legal Due Diligence -- Introduction -- Legal opinions -- Due diligence investigations -- Due diligence questions -- Contractual protection -- Warranties and indemnity -- Conditions precedent -- ch. 18 Business Due Diligence -- Forward looking business due diligence -- Backward looking business due diligence -- A data room review -- A senior management question and answer session -- Site visits -- Expert's reports -- Key customer/supplier diligence -- Regulator diligence -- Lender diligence -- Reviewing relevant documents -- A website review and press search -- Drafting meetings -- Directors' and officers' questionnaires and verification notes -- Senior management review -- Bring down due diligence -- Application of procedures -- Securities offerings involving a Rule 144A placement -- Securities offerings by issuers from less developed markets (not Rule 144A) -- |
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Contents note continued: Debut or infrequent investment grade/emerged market issuers of debt securities (not Rule 144A) -- Frequent investment grade issuers of debt securities (not Rule 144A) -- ch. 19 US Cases -- Escott V BarChris Constr Corp (1968) -- Feit V Leaseco Data Processing Equip Corp (1971) -- Weinberger V Jackson (1990) -- Re Software Toolworks Inc Securities Litigation (1994) -- Re International Rectifier Securities Litigation (1997) -- Re WorldCom, Inc Securities Litigation (2004) -- pt. 4 Potential Liability -- ch. 20 Statutory Liability Under Part VI of the FSMA -- Executive summary -- Introduction -- Prospectus regime -- General duty of disclosure -- Responsibility for a prospectus -- Listing particulars regime -- General duty of disclosure -- Responsibility for listing particulars -- Common provisions -- Disclosure exemptions -- Supplementary prospectus/supplementary listing particulars -- Supplementary prospectus -- Supplementary listing particulars -- |
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Contents note continued: Ask questions -- Involve the auditors -- Related sections -- Presentation of financial information -- Selected financial information -- Capitalisation -- ch. 4 Risk Factors -- Introduction -- Sources of information -- Regulatory requirements relating to risk factor sections -- Key points to consider when drafting or reviewing risk factors -- Avoid mitigants -- Avoid generic risks -- Avoid standard conclusions -- Avoid unnecessary detail -- But include examples where possible and appropriate -- Order of significance -- Meaningful headings -- Separation -- Explain the risk clearly -- Provide necessary information -- Recent SEC speech -- UKLA guidance -- SEC examples -- Example 1 before -- Example 1 after -- Example 2 before -- Example 2 after -- ch. 5 Style -- Introduction -- Style rules -- Presentational structure -- Use short sentences -- Use the positive instead of the negative where possible -- Use the active voice and strong verbs -- |
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Contents note continued: Liability to pay compensation for false or misleading statements or omissions -- Jurisdictional scope of responsibility -- Due diligence defence -- Criminal offence -- ch. 21 Statutory Liability under Section 89 of the Financial Services Act 2012 -- Executive summary -- ch. 22 Contractual Liability -- Executive summary -- ch. 23 Tortious Liability -- Executive summary -- Introduction -- Background to securities offerings -- Introduction to negligence and negligent misstatement -- Key cases -- Hedley Byrne (1963) -- Caparo (1990) -- Customs & Excise Commissioners V Barclays Bank plc (2007) -- Application of the cases -- Negligent misstatements in an offering document -- Whose statement? -- Disclaimer -- Duty of care -- Negligent misstatements during the sales process -- Al-Nakib and Possfund V Diamond (1996) -- Deceit |
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Contents note continued: Omit superfluous words and avoid long words if there is a shorter alternative -- Consistency -- Defined terms -- Technical terms -- Issuer/Group -- Cross references -- Bullets and numbers -- Idiom -- Projections -- Marketing -- Claims -- pt. 2 Regulatory Requirements Relating to Disclosure -- ch. 6 Overview of Prospectus Directive Regulated Market Requirements -- Introduction -- Retail and wholesale securities -- Specific disclosure requirements in the Prospectus Directive Regulation -- Banks -- Equity-linked securities -- Other types of security -- Other relevant information -- ch. 7 Corporate Issuer Disclosure -- Corporate disclosure annexes -- Persons responsible -- Statutory auditors -- Selected financial information -- Risk factors -- Information about the issuer -- All securities -- Additional requirement for equity securities -- Additional requirements for equity securities and retail debt securities -- |
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Contents note continued: Introduction -- Required sovereign disclosure -- Persons responsible -- Risk factors -- Information about the issuer -- Annex XVI -- Annex XVII -- Public finance and trade -- Significant change -- Financial information -- Legal and arbitration proceedings -- Expert statements -- Documents on display -- ch. 13 Exchange-regulated Markets -- ch. 14 Supplements -- Introduction -- Article 16 of the Prospectus Directive -- Application of Article 16 -- What is a significant new factor? -- Content of a supplement -- Section 81 of the FSMA -- UKLA approach to supplements -- pt. 3 Due Diligence -- ch. 15 Applicable Guidance -- Introduction -- UK guidance -- US guidance -- Sponsor confirmations -- ch. 16 Financial Due Diligence -- Introduction -- Analysis of financial statements -- Experts' reports -- Long-form report -- Short-form report -- Other reports -- Financial due diligence questions -- Auditors' comfort letters -- Additional issuer procedures -- |
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Machine generated contents note: Overview -- Terminology -- pt. 1 Disclosure -- Introduction -- ch. 1 The Business Description -- Structure and Preparation -- Introduction -- Preparing disclosure -- Stage 1 obtaining relevant information -- Stage 2 preparing and populating the skeleton -- Stage 3 submit the draft description to the issuer for comment -- Stage 4 revise the draft in line with the issuer's comments and then circulate to all other parties for comment -- Final stage -- refine the draft to reflect comments received, the outcome of diligence investigations and other factors -- ch. 2 The Business Description -- Content -- Sovereign descriptions -- General description -- Economy -- Balance of payments and foreign trade -- Monetary and financial system -- Public finance -- Public debt -- Corporate descriptions -- Introduction, strategy and strengths -- Introduction -- Strategy -- Competitive/Business strengths -- Business -- |
| Notes |
Formerly CIP. Uk |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Capital market -- Law and legislation.
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Disclosure of information -- Law and legislation.
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Reasonable care (Law)
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| ISBN |
9781846619595 (paperback) |
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