Cap. 345 Art. 12Approval of prospectus and admissibility to listing.

(1) Unless otherwise expressly provided in this Act or in the provisions of any other applicable law, no securities shall be:

(a) offered to the public in Malta unless and until a prospectus is approved by the competent authority;

and

(b) eligible for admission to listing and trading on a local regulated market unless and until the competent authority has approved the admissibility to listing of those securities.

(2) Deleted by Act XI.2025.10.

(3) A local regulated market may admit to listing and trading to the recognised list concerned such securities as may be considered appropriate and which -

(a) do not fall within a description or category specified in any regulations made in accordance with article 14A as not being admissible to listing on any local regulated market; and

(b) have been authorised as admissible to listing by the competent authority.