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You are viewing the version of the document as on 2023-11-28.

LR TR 3 Transitional Provisions for Investment Entities already listed under LR 14

1(1)

(2) Material to which the transitional provisions applies

(3)

(4) Transitional provision

(5) Transitional provision: dates in force

(6) Handbook provision coming into force

1.

LR 5.2.7A R2,LR 14, LR 15 and LR 16

R

These transitional provisions apply to an entity that is an overseas company and an investment entity and that immediately before 6 March 2008 did not comply with the requirements of LR 15 or LR 16 (as in force at the time)3 but complied with the requirements of LR 14.

Note: LR 16A replaced LR 16 for the listing of open-ended investment companies on 4 January 2022.3

6 April 2010 Indefinite2

6 April 20102

2.

LR 5.2.7A R2,LR 14, LR 15 and LR 16A3

R

LR 14 continues to apply to the entity for so long as it is listed after that date (and LR 15 and LR 16A3 do not apply) unless the entity makes an election under rule 3 of these transitional provisions.

4 January 20223 Indefinite

2

4 January 20223

2

3.

LR 5.2.7A R2,LR 14, LR 15 and LR 16A3

R

The entity may by notice in writing given to the FCA elect to comply with the requirements of LR 15 or LR 16A3 (whichever is applicable to the entity) instead of the requirements in LR 14 from a date specified in the notice. An entity should not give notice under this transitional rule unless it has come to a reasonable opinion, after having made due and careful enquiry, that it can satisfy the requirements of and LR 16A3 (as the case may be).

4 January 20223 Indefinite

2

4 January 20223

2

4.

LR 5.2.7A R2,LR 14, LR 15 and LR 16A3

R

If an entity gives a notice under TR3 3R of these transitional provisions it must comply with the requirements of LR 15 or LR 16A3 (as the case may be) from the date specified in the notice and the requirements of LR 14 no longer apply to the entity from that date.

4 January 20223 Indefinite

2

4 January 20223

2

Note: An entity which intends to give notice under 3LR TR 3 3R should consult with the FCA at the earliest possible stage if it intends to comply with the requirements of LR 15 or LR 16A3 (whichever is applicable to the entity) instead of the requirements in LR 14.