Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  4. Point in time
    2024-11-21

LR 12.1 Application

Application

LR 12.1.1RRP

1This chapter applies to a company that has a premium listing2 of equity shares.3

23
LR 12.1.2RRP

This chapter contains rules applicable to a listed company that:

  1. (1)

    purchases its own equity shares; or

  2. (2)

    purchases its own securities other than equity shares; or

  3. (3)

    sells or transfers treasury shares; or

  4. (4)

    purchases or redeems its own securities during a prohibited period; or

  5. (5)

    purchases its own securities from a related party.

Exceptions

LR 12.1.3RRP

LR 12.2 to LR 12.5 do not apply to a transaction entered into:

  1. (1)

    in the ordinary course of business by a securities dealing business; or

  2. (2)

    on behalf of third parties either by the company or any member of its group;

if the listed company has established and maintains effective Chinese walls between those responsible for any decision relating to the transaction and those in possession of inside information relating to the listed company.