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

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LR 16.3 Listing applications

LR 16.3.1GRP

An applicant for admission is required to comply with LR 3 (Listing applications).

LR 16.3.2GRP

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

Sponsors

LR 16.3.3GRP

An applicant that is seeking admission of its equity securitiesmust retain a sponsor in accordance with LR 8 (Sponsors).

LR 16.3.4RRP

In addition to the circumstances set out in LR 8.2.1 R when a sponsor must be appointed, an applicant must appoint a sponsor when it makes an application for admission of equity securities which requires the production of listing particulars.

LR 16.3.5G

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

Multi-class fund or umbrella fund

LR 16.3.6RRP

An applicant which is a multi-class or umbrella fund 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.