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LR 20.4 Continuing obligations

Application

LR 20.4.1 R

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

LR 20.4.2 R

An issuer that has both miscellaneous securities and other securitieslisted 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 20.4.3 R
  1. (1)

    An issuer'slistedmiscellaneous securities must be admitted to trading on a RIE's market for listedsecurities 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 listedmiscellaneous securities to trading; or

    2. (b)

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

    3. (c)

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

LR 20.4.4 R

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

Disclosure requirements and transparency rules

LR 20.4.5 R

An issuer must comply with the obligations referred to under articles 17 and 18 of the Market Abuse Regulation1 as if it were an issuer for the purposes of those obligations and1 the transparency rules, subject to article 22 of the Market Abuse Regulation1.

LR 20.4.6 G

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 20.4.7 R

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 20.4.8 R

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.

LR 20.5 Disclosures

LR 20.5.1 R

An issuer must submit to the FCA two copies of any document required by LR 20.5.2 R to LR 20.5.3 R at the same time as the document is issued.

LR 20.5.2 R

An issuer must notify a RIS of all notices to holders of listedmiscellaneous securities no later than the date of despatch or publication.

Underlying securities

LR 20.5.3 R

An issuer must notify a RIS of any adjustment or modification it makes to a miscellaneous security as a result of any change to a security over which the listedmiscellaneous security carries a right to buy or subscribe.

Suspension of listing

LR 20.5.4 R

An issuer must inform the FCA immediately if it becomes aware that any security over which the listedmiscellaneous security carries a right to buy or subscribe that is listed or traded outside the United Kingdom has been suspended.

LR 20.5.5 G