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

You are viewing the version of the document as on 2023-11-06.

Timeline guidance

Alternative versions

  1. Point in time
    2023-11-06

LR 16A.2 Requirements for listing and listing applications

Requirements for listing

LR 16A.2.1 R

1To be listed, an applicant must:

  1. (1)

    be an open-ended investment company which is:

    1. (a)

      an ICVC that has been granted an authorisation order by the FCA; or

    2. (b)

      an overseascollective investment scheme that is a recognised scheme; and

  2. (2)

    comply with LR 2 (Requirements for listing: All securities).

Listing applications

LR 16A.2.2 R

1An applicant for admission must comply with LR 3 (Listing applications).

LR 16A.2.3 G

1The FCA 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.

Multi-class fund or umbrella fund

LR 16A.2.4 R

1An applicant which is a multi-class or umbrella fund is not required to make a further listingapplication when creating a new class of security, if the applicant:

  1. (1)

    does not increase its share capital for which listing has previously been granted; and

  2. (2)

    provides the FCA with details of the new class.

LR 16A.3 Requirements with continuing application

Authorisation or recognition

LR 16A.3.1 R

1An open-ended investment company must comply with LR 16A.2.1R(1) at all times.

Continuing obligations

LR 16A.3.2 R

1An open-ended investment company must comply with LR 14.3.1R, LR 14.3.4R, LR 14.3.6R to LR 14.3.8R and LR 14.3.24R.

LR 16A.3.3 G

1An open-ended investment company whose equity shares are admitted to trading on a regulated market in the United Kingdom should consider its obligations under the disclosure requirements.

Changes to tax status

LR 16A.3.4 R

1An open-ended investment company must notify any change in its taxation status to a RIS as soon as possible.