UKLR 1.5 Listing categories

An issuer must comply with the rules that are applicable to every security in the category of listing which applies to each security the issuer has listed. The categories of listing are:

1. (1)

   equity shares (commercial companies);

2. (2)

   closed-ended investment funds;

3. (3)

   open-ended investment companies;

4. (4)

   equity shares (shell companies);

5. (5)

   equity shares (international commercial companies secondary listing);

6. (6)

   certificates representing certain securities;

7. (7)

   non-equity shares and non-voting equity shares;

8. (8)

   debt and debt-like securities;

9. (9)

   securitised derivatives;

10. (10)

    warrants, options and other miscellaneous securities; and

11. (11)

    equity shares (transition).

An issuer must inform the FCA if the characteristics of a security change so that the security no longer meets the definition of a security in the category in which it has been placed.

An issuer that has securities listed in a particular listing category must not describe itself or hold itself out (in whatever terms) as being listed in a different listing category from the one in which those securities are listed. An issuer must not make any representation which suggests, or which is reasonably likely to be understood as suggesting, that it has a listing in a different listing category or complies, or is required to comply, with the requirements that apply to a different listing category from the one in which its securities are listed.