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

LR 20.4 Continuing obligations

Application

LR 20.4.1RRP

An issuer that has only miscellaneous securities listed is subject to the continuing obligations set out in this chapter.

LR 20.4.2RRP

An issuer that has both miscellaneous securities and other securities listed is subject to the continuing obligations set out in this chapter and the continuing obligations that are applicable to the other securities so listed.

Admission to trading

LR 20.4.3RRP
  1. (1)

    An issuer's listed miscellaneous securities must be admitted to trading on a RIE's market for listed securities at all times.

  2. (2)

    An issuer must inform the FCA in writing as soon as possible if it has:

    1. (a)

      requested a RIE to admit or re-admit any of its listed miscellaneous securities to trading; or

    2. (b)

      requested a RIE to cancel or suspend trading of any of its listed miscellaneous securities; or

    3. (c)

      been informed by a RIE that the trading of any of its listed miscellaneous securities will be cancelled or suspended.

LR 20.4.4RRP

An issuer with listed miscellaneous securities must comply with LR 2.2.12 R at all times.

Disclosure rules and transparency rules

LR 20.4.5RRP

An issuer must comply with DTR 2.1 to DTR 2.7 as if it were an issuer for the purposes of the disclosure rules and transparency rules.

LR 20.4.6GRP

An issuer, whose miscellaneous securities are admitted to trading on a regulated market, should consider its obligations under DTR 4 (Periodic financial reporting), DTR 5 (Vote holder and issuer notification rules), DTR 6 (Access to information) and DTR 7 (Corporate governance).

LR 20.4.7RRP

An issuer that is not already required to comply with the transparency rules must comply with DTR 6.3 as if it were an issuer for the purposes of the transparency rules.

Documents of title

LR 20.4.8RRP

An issuer must comply with the requirements in LR 9.5.15 R (Temporary documents of title (including renounceable documents)) and LR 9.5.16 R (Definitive documents of title) so far as relevant to miscellaneous securities.