LR 8.3 Role of a sponsor: general

A1 sponsor must in relation to a sponsor service:1

1. (1)

   referred to in 3LR 8.2.1R (1) to (4), LR 8.2.1R (11), LR 8.2.1A R and, where relevant LR 8.2.1R (5)3, 1provide assurance to the FCA when required that the responsibilities of the company with or applying for a premium listing of its equity shares3 under the listing rules have been met;

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2. (1A)

   3provide to the FCA any explanation or confirmation in such form and within such time limit as the FCA reasonably requires for the purposes of ensuring that the listing rules are being complied with by a company with or applying for a premium listing of its equity shares; and

3. (2)

   1guide the company with or applying for a premium listing of its equity shares3 in understanding and meeting its responsibilities under the listing rules, the3 disclosure requirements7 and the3 transparency rules.21

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3A sponsor must, for so long as it provides a sponsor service:

1. (1)

   take such reasonable steps as are sufficient to ensure that any communication or information it provides to the FCA in carrying out the sponsor service is, to the best of its knowledge and belief, accurate and complete in all material respects; and

2. (2)

   as soon as possible provide to the FCA any information of which it becomes aware that materially affects the accuracy or completeness of information it has previously provided.

A sponsor must in relation to a sponsor service act with due care and skill.1

Where, in relation to a sponsor service,1 a sponsor gives any guidance or advice to a listed company or applicant on 1 the application or interpretation of the listing rules or disclosure requirements7 and transparency rules2, the sponsor must take reasonable steps to satisfy itself that the director or directors of the listed company understand their responsibilities and obligations 1under the listing rules and disclosure requirements7 and transparency rules.21

A sponsor must at all times (whether in relation to a sponsor service or otherwise):1

1. (1)

   deal with the FCA in an open and co-operative way; and1

2. (2)

   deal with all enquiries raised by the FCA promptly.1

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3. (3)

   [deleted]1

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1If, in connection with the provision of a3 sponsor service, a sponsor becomes aware that it, or a company with or applying for a premium listing of its equity shares is failing or has failed to comply with its obligations under3 the listing rules3, the3 disclosure requirements7 or the transparency rules, the sponsor must promptly notify the FCA2.

A sponsor must, in relation to a sponsor service, act with honesty and integrity.

1A sponsor must take all reasonable steps to identify conflicts of interest that could adversely affect its ability to perform its functions properly under this chapter.

1A sponsor must take all reasonable steps to put in place and maintain effective organisational and administrative arrangements that ensure conflicts of interest do not adversely affect its ability to perform its functions properly under this chapter.

1If, in relation to a sponsor service3, a sponsor is not reasonably satisfied that its organisational and administrative arrangements will ensure that a conflict of interest will not adversely affect its ability to perform its functions properly under this chapter, it must decline or cease 3to provide the sponsor services3.

1If a listed company or applicant appoints more than one sponsor to provide a sponsor service6 then:

1. (1)

   the appointment does not relieve either of the appointed sponsors of their obligations under LR 8; and

2. (2)

   the sponsors are each responsible for complying with the obligations under LR 8 .

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