UKLR 12.1 Application
Application
1This chapter applies to an open-ended investment company applying for, or with, a listing of securities in the open-ended investment companies category.
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Timeline guidance1This chapter applies to an open-ended investment company applying for, or with, a listing of securities in the open-ended investment companies category.
To be listed, an applicant must be an open-ended investment company which is:
an ICVC that has been granted an authorisation order by the FCA; or
an overseas collective investment scheme that is a recognised scheme.
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.
An open-ended investment company must comply with UKLR 12.2.1R at all times.
Other than in regard to securities to which UKLR 23 applies, the listed equity shares of an open-ended investment company must be admitted to trading on a regulated market for listed securities.
An open-ended investment company must forward to the FCA, for publication, by uploading to the national storage mechanism, a copy of:
all circulars, notices, reports or other documents to which the listing rules apply, at the same time as any such documents are issued; and
all resolutions passed by the open-ended investment company, other than resolutions concerning ordinary business at an annual general meeting, as soon as possible after the relevant general meeting.
An open-ended investment company must notify a RIS as soon as possible when a document has been forwarded to the FCA under UKLR 12.3.4R unless the full text of the document is provided to the RIS.
A notification made under (1) must set out where copies of the relevant document can be obtained.
An open-ended investment company must ensure that the FCA is provided with up-to-date contact details of at least one appropriate person nominated by it to act as the first point of contact with the FCA in relation to the open-ended investment company’s compliance with the listing rules, the disclosure requirements and the transparency rules, as applicable.
An open-ended investment company whose equity shares are admitted to trading on a regulated market in the United Kingdom should consider its obligations under the disclosure requirements.
An open-ended investment company that is not already required to comply with DTR 7.2 (Corporate governance statements) must comply with DTR 7.2 as if it were an issuer to which that section applies.
An open-ended investment company must notify any change in its taxation status to a RIS as soon as possible.