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

  1. Point in time
    2006-10-30

LR 15.3 Listing applications and procedures

LR 15.3.1GRP

An issuer to which this chapter applies that is seeking admission of its securities to the official list must:

  1. (1)

    comply with LR 3 (Listing applications) as applicable; and

  2. (2)

    produce either a prospectus in accordance with the requirements set out in the Prospectus Rules or listing particulars in accordance with the requirements set out in LR 4 (Listing particulars for professional securities market and certain other securities), as applicable.

Sponsors

LR 15.3.2GRP

An issuer to which this chapter applies that is seeking admission of its equity securities to the official list must retain a sponsor as required by LR 8 (Sponsors) except that LR 8.2.1R (1) applies additionally to an application for admission to listing which requires the production of listing particulars.

LR 15.3.3RRP

In the case of an authorised property unit trust, references in LR 8 to the directors of the issuer should be treated as referring to the directors of the managers of the trust.

LR 15.3.4RRP

An application for listing for a new applicant, must set out which of the categories in LR 15.1.1 R applies to the issuer.

LR 15.3.5G

LR 8.4.5R (3) is modified to require the notification of interests of 10% or more for open-ended investment companies.

Multi-class fund or umbrella fund

LR 15.3.6R

An application for the listing of securities of a multi-class fund or umbrella fund must provide details of the various classes or designations of securities intended to be issued by the issuer.

LR 15.3.7G

The FSA will admit to listing such number of securities as the issuer may request for the purpose of future issues. At the time of issue the securities will be designated to the relevant class.

LR 15.3.8R

A multi-class or umbrella fund which is open-ended and which seeks to create a new class of security without increasing its share capital for which listing has previously been granted must provide the FSA with the details of the new class and no further application for listing is required.

LR 15.3.9R

An existing listed class may not be converted into a new class or an unlisted class unless approval has been given by the shareholders of that existing class.

Open-ended investment companies and authorised property unit trusts

LR 15.3.10R
  1. (1)

    This rule applies to:

    1. (a)

      open-ended investment companies; and

    2. (b)

      authorised property unit trusts.

  2. (2)

    A new applicant may apply to list such equity securities as it requires for future issues.