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

  3. Point in time
    2019-12-20

LR 20.4 Continuing obligations

Application

LR 20.4.1 R RP

An issuer that has only miscellaneous securities listed is subject to the continuing obligations set out in this chapter.

LR 20.4.2 R RP

An issuer that has both miscellaneous securities and other securities listed is subject to the continuing obligations set out in this chapter and the continuing obligations that are applicable to the other securities so listed.

Admission to trading

LR 20.4.3 R RP
  1. (1)

    An issuer's listed miscellaneous securities must be admitted to trading on a RIE's market for listed securities at all times.

  2. (2)

    An issuer must inform the FCA in writing as soon as possible if it has:

    1. (a)

      requested a RIE to admit or re-admit any of its listed miscellaneous securities to trading; or

    2. (b)

      requested a RIE to cancel or suspend trading of any of its listed miscellaneous securities; or

    3. (c)

      been informed by a RIE that the trading of any of its listed miscellaneous securities will be cancelled or suspended.

LR 20.4.4 R RP

An issuer with listed miscellaneous securities must comply with LR 2.2.12 R at all times.

Disclosure requirements and transparency rules

LR 20.4.5 R RP

An issuer must comply with the obligations referred to under articles 17 and 18 of the Market Abuse Regulation1 as if it were an issuer for the purposes of those obligations and1 the transparency rules, subject to article 22 of the Market Abuse Regulation1.

LR 20.4.6 G RP

An issuer, whose miscellaneous securities are admitted to trading on a regulated market, should consider its obligations under DTR 4 (Periodic financial reporting), DTR 5 (Vote holder and issuer notification rules), DTR 6 (Access to information) and DTR 7 (Corporate governance).

LR 20.4.7 R RP

An issuer that is not already required to comply with the transparency rules must comply with DTR 6.3 as if it were an issuer for the purposes of the transparency rules.

Documents of title

LR 20.4.8 R RP

An issuer must comply with the requirements in LR 9.5.15 R (Temporary documents of title (including renounceable documents)) and LR 9.5.16 R (Definitive documents of title) so far as relevant to miscellaneous securities.