Prospectus redaction is the removal of personal identifiers from an offering draft under the FCA Listing Rules and the Disclosure & Transparency Rules. Those rules, alongside the UK Prospectus Regulation, set the disclosure form for a public sale. anonym.plus marks each name, account, and contact on your own machine, so the disclosure stays whole while private data goes.
When this applies
A draft names directors, signatories, and their contact details across many pages. You trim those identifiers before the team lodges the document with the FCA and the National Storage Mechanism.
How anonym.plus handles it
- Open the draft in anonym.plus on your workstation.
- Local OCR reads any scanned signature or exhibit page.
- The tool flags names, accounts, and contact details.
- Keep the mandated disclosure items and figures intact.
- Replace each identifier with a label, or black it out.
- Save the clean version locally; it never leaves your device.
What you need to provide
- The draft (PDF, DOCX, or TXT).
- An operator: Replace (swap), Redact (black out), or Mask (partial).
- Optional: a name map if you must re-link people later.
PII & financial identifiers detected
| Category | anonym.plus entity type | Example |
|---|---|---|
| Names | PERSON | director M. Caldwell → [DIRECTOR] |
| Financial | UK_BANK_NUMBER | escrow acct 4412 → [ACCOUNT] |
| Contact | EMAIL_ADDRESS | ir@example.co.uk → [EMAIL] |
| Contact | PHONE_NUMBER | +44 20 7946 0147 → [PHONE] |
| Identifiers | UK_NINO | signatory NINO → [NINO] |
| Location | LOCATION | registered office → [ADDRESS] |
Compliance achieved
- Supports the disclosure form set by the FCA Listing Rules and DTRs.
- Aligns with the prospectus content rules under the UK Prospectus Regulation.
- Runs offline, so deal confidentiality stays inside your firm.
- Working copies are kept safe with AES-256-GCM.
- Covers 340+ PII types across 48 languages in one pass.
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Limitations & cautions
The Listing Rules govern what an issuer must disclose, not what you may hide. The tool flags named items, yet it cannot judge when a unique fact points to a person. Review narrative sections with counsel before lodging.
Frequently asked questions
Does this change the disclosures the Listing Rules require?
No. The app removes personal identifiers only. The items the rules and the UK Prospectus Regulation require stay in place, so the offering draft remains complete.
Is the draft uploaded for processing?
No. anonym.plus is a 100% offline desktop app. Nothing is sent to a server, so the deal stays confidential on your machine.
Will the prose still read correctly after the swap?
Yes. The Replace operator drops a steady label for each identifier, so the text still flows and no longer names a real person.