Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

LR 16.4 Requirements with continuing application

LR 16.4.1RRP
LR 16.4.2RRP

LR 15.6.6 R applies to an open-ended investment company if it has no executive directors.

LR 16.4.3RRP

The interests of a single person or entity which exceeds 10% of the issued shares (calculated exclusive of treasury shares) of any class of share in the capital of the open-ended investment company must, so far as they are known to it, be notified to a RIS as soon as possible following the open-ended investment company becoming aware of those interests.

LR 16.4.4RRP

LR 10 (Significant transactions) and LR 12 (Dealing in own securities and treasury shares) do not apply to an open-ended investment company.

Cancellation of premium listing

LR 16.4.5RRP

Election of independent directors6

LR 16.4.7RRP

6A open-ended investment company is not required to comply with LR 13.8.17 R.