LR 19.5 Disclosures

An issuer must submit to the FSA two copies of any document required by LR 19.5.2 R to LR 19.5.10 R at the same time as the document is issued.

Any change in the rights attaching to listed securitised derivatives must be notified to a RIS as soon as possible.

An issuer must notify a RIS as soon as possible of:

1. (1)

   any new issues and guarantee or security related to such new issues; and

2. (2)

   any change of guarantor or security for the securitised derivatives where this information is important for the purposes of assessing the securities in question.

Immediately following the publication of its annual accounts an issuer must notify a RIS of where securitised derivative holders can obtain a copy of the annual accounts free of charge.

Where an issuer has been granted a dispensation under LR 19.4.8 R from publishing annual accounts, it must notify a RIS once the accounts have been published of where securitised derivative holders can obtain a copy of the guarantors accounts free of charge.

All notices to holders must be made either by:

1. (1)

   publishing an advertisement in at least one national newspaper circulating in the United Kingdom;

2. (2)

   despatch of the notice to the holders registered address; or

3. (3)

   sending the notice electronically to the holders e-mail address.

An issuer must notify a RIS of all notices to holders of listed securitised derivatives no later than the date of despatch or publication.

Any change of paying agent within the United Kingdom must be notified to a RIS as soon as possible.

An issuer must notify a RIS of any adjustment or modification it makes to the securitised derivative as a result of any change in or to the underlying instrument including details of the underlying event that necessitated the adjustment or modification.

An issuer must inform the FSA immediately if it becomes aware that an underlying instrument that is listed or traded outside the United Kingdom has been suspended.

Note: LR 5.1.2G (7) and (8) and LR 5.4.6 G are of relevance to an issuer of securitised derivatives.