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Status: You are viewing the version of the handbook as on 2016-06-30.

LR 1.4 Miscellaneous

Appointment of sponsor

LR 1.4.1RRP
  1. (1)

    If it appears to the FCA that there is, or there may be, a breach of the listing rules or the disclosure rules and transparency rules4 by an issuer with a premium listing4, the FCA may in writing require the issuer to appoint a sponsor to advise the issuer on the application of the listing rules, the disclosure rules and the transparency rules4.

    4
  2. (2)

    If required to do so under (1), an issuer must, as soon as practicable, appoint a sponsor to advise it on the application of the listing rules, the disclosure rules and the transparency rules.4

    4

[Note: LR 8.2 sets out the various circumstances in which an issuer must appoint, or obtain guidance from, a sponsor.]4

Overseas companies

LR 1.4.2RRP

If a listing rule refers to a requirement in legislation applicable to a listed company incorporated in the United Kingdom, a listed overseas company must comply with the requirement so far as:

  1. (1)

    information available to it enables it to do so; and

  2. (2)

    compliance is not contrary to the law in its country of incorporation.

LR 1.4.3RRP

A listed overseas company must, if required to do so by the FCA, provide the FCA with a letter from an independent legal adviser explaining why compliance with a requirement referred to in LR 1.4.2 R is contrary to the law in its country of incorporation.

3
LR 1.4.4R

[deleted]3

3
LR 1.4.5G

[deleted]2

3

English language

LR 1.4.6RRP

A document that is required under a listing rule to be filed, notified to a RIS, provided to the FCA or sent to security holders must be in English.

Market abuse safe harbours

LR 1.4.7R

Pursuant to section 118A(5) of the Act, behaviour conforming with the listing rules specified in LR 1 Annex 1 RR does not amount to market abuse under section 118(1) of the Act.

Fees

LR 1.4.8GRP

The provisions relating to periodic fees for issuers and sponsors are set out in FEES 1, 2 and 4.1

1

Electronic Communication

LR 1.4.9GRP
  1. (1)

    If the listing rules require an issuer to send documents to its security holders, the issuer may, in accordance with DTR 6.1.8 R, use electronic means to send those documents.3

LR 1.4.10R
3

[deleted]3

Use of an RIS

LR 1.4.11RRP

5Where a listing rule requires an issuer subject to DTR 6.3.1 R to use the services of an RIS, the issuer must comply with the provisions of DTR 6.3.

LR 1.4.12RRP

5Where a listing rule requires an issuer who is not subject to DTR 6.3.1 R to use the services of an RIS, the issuer must comply with the provisions of DTR 6.3, except in relation to information which is required to be disclosed under the Transparency Directive, Article 6 of the Market Abuse Directive or the DTR.