Jurisdiction(s):
United Kingdom

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Passport definition

What does Passport mean? A passport is a state‑issued travel and identity document used in legal practice as reliable evidence of a person’s identity and nationality. In England & Wales, Scotland and Northern Ireland, British passports are issued by HM Passport Office under the Royal Prerogative; the term appears in legislation (for example, the Identity Documents Act 2010) but is not comprehensively defined. In Ireland, passports are regulated by the Passports Act 2008 and issued by the Department of Foreign Affairs. A passport evidences nationality; it does not itself confer nationality or immigration status. A British citizen’s passport is strong evidence of the...

Can a pre-31 Dec 2020 passported FCA-approved prospectus be used for EU public offers after 31 Dec 2020?

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Passporting provisions in the prospectus Regulation

Under the Prospectus Regulation, an issuer must publish a prospectus and have it approved by a competent authority when offering securities to the public in the EEA or when applying for admission of securities to a regulated market, where no relevant exemption applies. To streamline cross-border share offerings within the EEA, the EU prospectus regime provides passporting arrangements that permit companies to produce a single prospectus usable throughout the EEA, avoiding the preparation of multiple documents for separate jurisdictions.

Articles 24 to 26 of the Prospectus Regulation (EU) 2017/1129 set out these passporting provisions, stating that a prospectus approved by the competent authority in one EEA state (the home member state) can be relied upon in another EEA state (the host member state) without requiring the prospectus to be approved again by the competent authority in the host member state. As a result, a UK issuer has been able to undertake a cross-border share offer across the EEA on the basis of one fca-approved prospectus, which is then passported into other EEA states, and no further regulatory approval is required...

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Web page updated on 27/05/2026

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