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You are viewing the version of the document as on 2024-11-30.

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UKLR 3.1 Preliminary

Application

UKLR 3.1.1R

1This chapter applies to all applicants for admission to listing (unless a rule is specified only to apply to a particular type of applicant or security).

Refusal of applications

UKLR 3.1.2G

1Under the Act, the FCA may not grant an application for admission unless it is satisfied that:

  1. (1)

    the requirements of the listing rules are complied with; and

  2. (2)

    any special requirement (see UKLR 3.1.4R) is complied with.

UKLR 3.1.3G

1Under the Act, the FCA may also refuse an application for admission if it considers that:

  1. (1)

    admission of the securities would be detrimental to investors’ interests; or

  2. (2)

    for securities already listed in a third country, the issuer has failed to comply with any obligations under that listing.

Special requirements

UKLR 3.1.4R
  1. (1)

    1The FCA may make the admission of securities subject to any special requirement that it considers appropriate to protect investors.

  2. (2)

    The FCA must explicitly inform the issuer of any special requirement that it imposes.

No conditional admission

UKLR 3.1.5G

1The FCA is not able to make the admission of securities conditional on any event. The FCA may, in particular cases, seek confirmation from an issuer before the admission of securities that the admission does not purport to be conditional on any matter.