LR 1.3 Information gathering and publication

Information gathering

LR 1.3.1R

An issuer must provide to the FCA as soon as possible:

  1. (1)

    any information and explanations that the FCA may reasonably require to decide whether to grant an application for admission;

  2. (2)

    any information that the FCA considers appropriate to protect investors or ensure the smooth operation of the market; and [Note: Article 16.1 CARD]

  3. (3)

    any other information or explanation that the FCA may reasonably require to verify whether listing rules are being and have been complied with.

FCA may require issuer to publish information

LR 1.3.2R
  1. (1)

    The FCA may, at any time, require an issuer to publish such information in such form and within such time limits as it considers appropriate to protect investors or to ensure the smooth operation of the market. [Note: Article 16.2 CARD]

  2. (2)

    If an issuer fails to comply with a requirement under paragraph (1) the FCA may itself publish the information (after giving the issuer an opportunity to make representations as to why it should not be published). [Note: Article 16.2 CARD]

Misleading information not to be published

LR 1.3.3R

An issuer must take reasonable care to ensure that any information it notifies to a RIS or makes available through the FCA is not misleading, false or deceptive and does not omit anything likely to affect the import of the information.

Notification when a RIS is not open for business

LR 1.3.4R

If an issuer is required to notify information to a RIS at a time when a RIS is not open for business it must distribute the information as soon as possible to:

  1. (1)

    not less than two national newspapers in the United Kingdom;

  2. (2)

    two newswire services operating in the United Kingdom; and

  3. (3)

    a RIS for release as soon as it opens.