Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Requirements definition

What does Requirements mean? In Development Consent Order (DCO) practice, Requirements are the binding conditions that regulate how, when and on what detailed terms the authorised development may proceed. They typically oblige the undertaker to submit and secure approval of detailed design, construction, and environmental management documents (for example, CEMP, traffic, landscape, contamination and archaeology plans) before commencement, phased works or operation. The term is used in legislation: section 120 of the Planning Act 2008 permits a DCO to impose “requirements”. In most DCOs they are set out in a schedule (often Schedule 2) and function similarly to planning conditions under the Town and Country...

Prospectus requirements under the former UK Prospectus Regulation (pre‑2026): triggers, exemptions, IPOs/AIM, secondary issues, contents, publication, approval, supplements and liability

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Practice notes

STOP PRESS : Significant reforms to the UK prospectus regime came into force on 19 January 2026.

The new framework for public offers of securities and admissions to trading in the UK is now chiefly contained in the Public Offers and Admissions to Trading Regulations 2024, SI 2024/105, (the POATRs) and the FCA sourcebook, The Prospectus Rules: Admission to Trading on a regulated market (PRM). The UK Prospectus Regulation and the FCA Prospectus Regulation Rules have been revoked. The reforms are intended to make capital raising simpler and materially lessen the circumstances in which a company must publish an FCA approved prospectus for further issues of shares. For full details of the changes, see Practice Note: UK prospectus regime reform. This Practice Note reflects the regime that applied in the UK before 19 January 2026. It supplies accessible, practical guidance and directs readers to more extensive materials on when a prospectus is needed for an IPO or a secondary offer. In broad terms, a prospectus has to be prepared by a company that is offering shares to the public in the UK or seeking to have shares admitted to trading, consistent with the position described in this guidance document above...

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Web page updated on 28/05/2026

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