Financial Markets Act (Cap. 345), article 12A

12A. (1) Without prejudice to Article 4 of the Prospectus Regulation , the provisions of the Prospectus Regulation , this Act and any regulations or Capital Markets Rules issued thereunder shal l not apply to an offer of securities to the public with a total cons ideration in the European Union and the EEA of less than one million euro (€1,000,000), which shall be calculated over a period of twelve (12) months. (2) Without prejudice to sub-artic le (1), as well as Articles 1( 4) and 4 of the Prospectus Regulation , offers of securities to the public shall be exempt from the obligation to publish a prospectus in accordance with Article 3(1) of the Prospectus Regulation provided that: FINANCIAL MARKETS [CAP. 345. 29 (a) such offers are not sub ject to notification in accordance with Article 25 of the Prospectus Regulation ; and (b) the total consideration of each such offer in the European Union and the EEA is less than a monetary amount calculated over a pe riod of twelve (12) months which shall not exceed five million euro (€5,000,000). Registration of sponsors and transitory provision. Added by: XI.2025.11.