UKLR 4.5 Cooperation with sponsors
1In relation to the provision of a sponsor service, an issuer with a listing of equity shares in, or applying for admission of its equity shares to, the equity shares (commercial companies) category, the closed-ended investment funds category or the equity shares (shell companies) category must cooperate with its sponsor by providing the sponsor with all information reasonably requested by the sponsor for the purpose of carrying out the sponsor service in accordance with UKLR 24.
- (1)
1The role of a sponsor – including to provide the FCA with assurances, explanations and confirmations relating to compliance with the listing rules by issuers with a listing of equity shares, or applying for admission of equity shares, and to provide guidance to issuers with a listing of equity shares, or applying for admission of equity shares, in understanding and meeting their responsibilities under the listing rules, disclosure requirements and transparency rules – is set out in UKLR 24.2 and UKLR 24.3.
- (2)
The assurances, explanations and confirmations in (1) may relate to shareholder approvals obtained, or other work undertaken, by an issuer before the appointment of a sponsor in relation to a particular transaction. Therefore, an issuer with a listing of equity shares, or applying for admission of its equity shares, to the equity shares (commercial companies) category, the closed-ended investment funds category or the equity shares (shell companies) category is encouraged to engage with a sponsor at the earliest possible stage if it is in doubt about the application of the listing rules, the disclosure requirements or the transparency rules to a particular matter.