61. Obligation to issue a Prospectus

(1) A person shall not, subject to subsection (3) —
(a) make an Offer of Securities to the Public in or from the Abu Dhabi Global Market; or
(b) have Securities admitted to trading on a Recognised Investment Exchange;
unless there is an Approved Prospectus in relation to the relevant Securities.
(2) For the purposes of subsection (1) —
(a) a Prospectus is an Approved Prospectus if it is approved by the Regulator in accordance with the requirements prescribed in the Rules; and
(b) a reference to a Prospectus made by or under these Regulations is a reference to an Approved Prospectus, unless the context requires otherwise.
(3) The requirement in subsection (1) does not apply —
(a) to an Offer of Securities to the Public where that Offer is an exempt offer as prescribed in the Rules; or
(b) to any Securities to be admitted to trading on a Recognised Investment Exchange if those Securities are exempt Securities as prescribed in the Rules.
(4) For the purposes of this Chapter and the Rules made under this Chapter, unless the context requires otherwise —
(a) a reference to a Prospectus Offer is a reference to both the making of an Offer of Securities to the Public and to having Securities admitted to trading on a Recognised Investment Exchange;
(b) a reference to an Offeror is a reference to the person making a Prospectus Offer; and
(c) a reference to a Prospectus in respect of a person who has or seeks to have Units of a Fund admitted to trading on a Recognised Investment Exchange is a reference to a Prospectus prepared in accordance with the requirements prescribed by the Regulator in the Rules.
(5) A Prospectus includes a supplementary prospectus, except where otherwise provided by or under these Regulations.