2This chapter applies to an open-ended investment company applying for, or with, a premium listing3 which is:

1. (1)

   an ICVC that has been granted an authorisation order by the FCA; or

2. (2)

   an overseascollective investment scheme that is a recognised scheme.

To be listed, an applicant must comply with:

1. (1)

   LR 2 (Requirements for listing); and

2. (2)

   only LR 6.8.1R to LR 6.8.2R3 of LR 6 (Additional requirements for premium 1listing commercial company).1

   2

An3applicant must appoint a sponsor when it makes an application for admission of equity shares2which requires the production of listing particulars.

An applicant which is a multi-class or umbrella fund which seeks to create a new class of security without increasing its share capital for which listing has previously been granted, must provide the FCA with the details of the new class and no further application for listing is required.

An open-ended investment company must comply with:

1. (1)

   LR 9 (Continuing obligations) except LR 9.2.2AR to LR 9.2.2GR, 6LR 9.2.6BR, LR 9.2.15R, LR 9.2.20R5, LR 9.2.21R, LR 9.2.23R, LR 9.2.24R, LR 9.2.25R, 6LR 9.3.11R and LR 9.8.4 R (14)6;4

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2. (2)

   LR 15.5.1 R;

   2
3. (3)

   LR 15.6.1 R; and2

4. (4)

   the condition set out in LR 16.1.1 R (1) or (2).2

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

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

An open-ended investment company must comply with LR 5.2.7A R3

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