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UKLR 12.2 Requirements for listing and listing applications

Requirements for listing

UKLR 12.2.1R

To be listed, an applicant must be an open-ended investment company which is:

  1. (1)

    an ICVC that has been granted an authorisation order by the FCA; or

  2. (2)

    an overseas collective investment scheme that is a recognised scheme.

Listing applications

UKLR 12.2.2G

The FCA will admit to listing such number of securities as the applicant may request for the purpose of future issues. At the time of issue, the securities will be designated to the relevant class.

Multi-class fund or umbrella fund

UKLR 12.2.3R

An applicant which is a multi-class or umbrella fund is not required to make a further listing application when creating a new class of security if the applicant:

  1. (1)

    does not increase its share capital for which listing has previously been granted; and

  2. (2)

    provides the FCA with details of the new class.