LR 3.4 Debt and other securities

LR 3.4.4 R to LR 3.4.6 R1 apply to an applicant that is seeking admission of any of the following types of securities:

1. (1)

   debt securities;

2. (2)

   asset-backed securities;

3. (3)

   certificates representing certain securities;

   2
4. (4)

   [deleted]1

   1
5. (5)

   convertible securities;21

6. (6)

   miscellaneous securities; and2

7. (7)

   preference shares that are specialist securities.2

LR 3.4.7 R1 to LR 3.4.8 R apply to an applicant for the admission of a debt securities or asset-backed securities issuance programme.1

LR 3.4.9 R to LR 3.4.13 R apply to an applicant that is a public sector issuer.

An applicant must submit, in final form, to the FCA by midday two business days before the FCA is to consider the application4

1. (1)

   a completed Application for Admission of Securities to the Official List;

2. (2)

   the prospectus or listing particulars that has been approved by the FCA.4

3. (3)

   any approved supplementary prospectus or approved supplementary listing particulars, if applicable; and1

   1
4. (4)

   written confirmation of the number of securities to be issued (pursuant to a board resolution). [Note: if this is not possible, see LR 3.4.5 R]1; and3

5. (5)

   any working capital statement required to be published under LR 21.6.14R or LR 21.8.27R(2).3

Note: The Application for Admission of Securities to the Official List form can be found on the UKLA section of the FCA's website.

1If confirmation of the number of securities to be issued pursuant to a board resolution cannot be submitted to the FCA by the deadline set out in LR 3.4.4 R or, the number of securities to be admitted is lower than the number notified under LR 3.4.4 R, written confirmation of the number of securities to be issued or admitted must be provided to the FCA by the applicant at least one hour before the admission to listing is to become effective.

An applicant must keep, for six years after the admission to listing, a copy of the items set out in LR 3.3.6 R (1) to (6) and LR 3.3.6 R (9) 1and must provide any of those documents to the FCA if requested to do so.

An applicant must comply with LR 3.4.4 R to LR 3.4.6 R with the following modifications:

1. (1)

   [deleted]1

   1
2. (2)

   if the FCA approves the application it will admit to listing all debt securities which may be issued under the programme within 12 months after the publication of the base prospectus or listing particulars subject to the FCA:

   1. (a)

      being advised of the final terms of each issue for which a listing is sought; and1

   2. (b)

      receiving and approving for publication any supplementary documents that may be appropriate.1

      1
   3. (c)

      [deleted]1

      1
3. (3)

   an applicant must submit a supplementary prospectus or supplementary listing particulars instead of the document required by LR 3.4.4 R (2) in the case of an increase in the maximum amount of debt securities which may be in issue and listed at any one time under an issuance programme.1

1. (1)

   The final terms must be submitted in writing to the FCA as soon as possible after they have been agreed and no later than 2 p.m. on the day before listing is to become effective.

2. (2)

   The final terms may be submitted by:

   1. (a)

      the applicant; or

   2. (b)

      a duly authorised officer of the applicant.1

      1
3. (3)

   [deleted]1

   1

Note: For further details on final terms, see article 8(5) of the Prospectus Regulation5.

An issuer4 that seeks admission of debt securities referred to in article 1(2)(b) and (d) of the Prospectus Regulation5 must submit to the FCA in final form a completed Application for Admission of Securities to the Official List.

Note: The Application for Admission of Securities to the Official List form can be found on the UKLA section of the FCA's website.

LR 3.4.7 R, LR 3.4.8 R and 1LR 3.4.11 R to LR 3.4.13 R apply to applications for admission to listing of debt securities by a public sector issuer other than one referred to in LR 3.4.9 R.

An applicant referred to in LR 3.4.10 R must submit the items set out in LR 3.4.4 R 1to the FCA in final form by midday two business days before the FCA is to consider the application.1

An applicant referred to in LR 3.4.10 R must keep, for six years after the admission to listing, a copy of the items set out in LR 3.3.6 R (1) to LR 3.3.6 R (6) and in LR 3.3.6 R (9)1.