UKLR 5.1 Application

1This chapter applies to an applicant for the admission of equity shares other than those of:

1. (1)

   a closed-ended investment fund;

2. (2)

   an open-ended investment company;

3. (3)

   a shell company; or

4. (4)

   an investment entity that is not a closed-ended investment fund or an open-ended investment company.

1This chapter applies to an applicant for the admission of equity shares to the equity shares (commercial companies) category except where:

1. (1)

   the applicant meets the following conditions:

   1. (a)

      it has an existing listing in the equity shares (commercial companies) category;

   2. (b)

      it is applying for the admission of equity shares of the same class as the shares that have been admitted to the equity shares (commercial companies) category; and

   3. (c)

      it is not entering into a transaction classified as a reverse takeover; or

2. (2)

   the following conditions are met:

   1. (a)

      a company has an existing listing in the equity shares (commercial companies) category;

   2. (b)

      the applicant is a new holding company of the company in (2)(a); and

   3. (c)

      the company in (2)(a) is not entering into a transaction classified as a reverse takeover.