LR TR 16 Transitional Provisions in relation to market capitalisation under LR 2.2.7 R(1)
(1) |
(2) Material to which the transitional provision applies |
(3) |
(4) Transitional provision |
(5) Transitional provision: dates in force |
(6) Handbook provision coming into force |
|
1. |
R |
These transitional provisions apply to an applicant for the admission of shares: |
3 December 2021 Indefinite |
3 December 2021 |
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(a) |
that has made a complete submission to the FCA for an eligibility review for listing by 4:00pm on 2 December 2021; |
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(b) |
whose submission for an eligibility review for listing has not been withdrawn or lapsed; |
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(c) |
that makes an application for listing in accordance with LR 3 on or before 2 June 2023; and |
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(d) |
whose overall business proposition has not materially changed between its submission in (a) and when it applies for listing in (c). |
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[Note: guidance on submissions for an eligibility review for listing can be accessed on the FCA’s Knowledge Base at https://www.fca.org.uk/markets/ primary-markets/knowledge-base.] |
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2. |
R |
The expected aggregate market value of all shares (excluding treasury shares) to be listed must be at least £700,000. |
3 December 2021 Indefinite |
3 December 2021 |
(1) |
(2) Material to which the transitional provision applies |
(3) |
(4) Transitional provision |
(5) Transitional provision: dates in force |
(6) Handbook provision coming into force |
|
1. |
R |
These transitional provisions apply to a shell company: |
3 December 2021 Indefinite |
3 December 2021 |
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(a) |
that had a listing of shares or certificates representing equity securities immediately before 3 December 2021; and |
3 December 2021 Indefinite |
3 December 2021 |
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(b) |
that makes complete submissions to the FCA for an eligibility review for listing and a prospectus review in relation to its proposed application for listing in accordance with LR 5.6.21R by 4:00pm on 1 December 2023; and |
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(c) |
whose submissions for an eligibility review for listing and a prospectus review have not been withdrawn or lapsed. |
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[Note: guidance on submissions for an eligibility review for listing and a prospectus review can be accessed on the FCA’s Knowledge Base at https://www.fca.org.uk/markets/ primary-markets/knowledge-base.] |
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2. |
R |
The expected aggregate market value of all shares (excluding treasury shares) to be listed must be at least £700,000. |
3 December 2021 Indefinite |
3 December 2021 |
(1) |
(2) Material to which the transitional provision applies |
(3) |
(4) Transitional provision |
(5) Transitional provision: dates in force |
(6) Handbook provision coming into force |
|
1. |
R |
These transitional provisions apply to an issuer (except a closed-ended investment fund or an open-ended investment company) that: |
3 December 2021 Indefinite |
3 December 2021 |
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(a) |
had at least one class of listed shares immediately before 3 December 2021; |
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(b) |
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(c) |
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2. |
R |
The expected aggregate market value of all shares (excluding treasury shares) to be listed must be at least £700,000. |
3 December 2021 Indefinite |
3 December 2021 |