Question
Can I use this market for a public offer of securities to less sophisticated investors?
Answer
No. The Specialist Fund Market is not intended as an admission route to a regulated market for investment entities that are intending to make a wider public offer of securities to less sophisticated investors. The Specialist Fund Market is designed purely for the needs of highly specialised investment entities seeking institutional, professional and highly knowledgeable investors.
A more appropriate route for a public offer would be to seek a listing on the Main Market via following Chapter 15 of the FSA Listing Rules or admission to AIM.
Back to FAQs