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LR TR 1 Transitional Provisions for Sponsors and Venture Capital Trusts3

(1)

(2)

Material to which the transitional provision applies

(3)

(4)

Transitional provision

(5)

Transitional provision: dates in force

(6)

Handbook provision: coming into force

1

Amendments2 to LR set out in Annex1 B of the Transparency Obligations Directive (Disclosure and Transparency Rules) Instrument 2006, relating to:

(i) DTR 4 and periodic financial reporting; and

(ii) DTR 6 in so far as they may relate to, or are required to give effect to, amendments in (i).2

22

R

1The2 amendments described in column 22 shall have effect as follows:

  • an issuer whose financial year starts on or after 20 January 2007 must comply with these amendments as of 20 January 2007; and
  • an issuer whose financial year starts before 20 January 2007 must comply with these amendments as of the start of its next financial year.

22

From 20 January 20071

1
3Transitional Provisions for venture capital trusts

3(1)

(2)

Material to which the transitional provision applies

(3)

(4)

Transitional provision

(5)

Transitional provision: dates in force

(6)

Handbook provision: coming into force

2

LR 15.2.11 R - LR 15.2.13 G and LR 15.4.7 R

R

Do not apply in respect of a venture capital trust listed before the date this instrument comes into force.

From 28 September 2007 to 28 September 2010

28 September 2007

3

LR 15.6.8 R

R

Does not apply in respect of a venture capital trust listed before the date this instrument comes into force.

From 28 September 2007 to 28 September 2010

28 September 2007

4

LR 11.1.5R (2)

R

Does not apply to arrangements between a venture capital trust and its investment manager where:

(1) the arrangements are such that each invests in or provides finance to a company and the investment or provision of finance is made either

(a) at the same time and on the same terms; or

(b) in accordance with a pre-existing agreement between the venture capital trust and its investment manager;

and

(2) the venture capital trust was listed before the date this instrument comes into force.

From 28 September 2007 to 28 September 2010

28 September 2007