LR 2.1 Preliminary
Application
1This chapter applies to all applicants for admission to listing (unless a rule is specified only to apply to a particular type of applicant or security).
Refusal of applications
Under the Act, the FSA may not grant an application for admission unless it is satisfied that:
-
(1)
the requirements of the listing rules are complied with; and
-
(2)
any special requirement (see LR 2.1.4 R) is complied with.
Under the Act, the FSA may also refuse an application for admission if it considers that:
-
(1)
admission of the securities would be detrimental to investors' interests; or
-
(2)
for securities already listed in another EEA State, the issuer has failed to comply with any obligations under that listing.
Special requirements
No conditional admission2
2The FSA is not able to make the admission of securities conditional on any event. The FSA may, in particular cases, seek confirmation from an issuer before the admission of securities that the admission does not purport to be conditional on any matter.