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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

You are viewing the version of the document as on 2021-01-01.

Status: In this content, we have included all amendments made by EU exit-related instruments up to end September 2020. There will be more amendments to be made later this year, further to the September QCP.

Article 7 Verification of issuer obligations

  1. (1)

    Regulated markets shall adopt and publish on their website procedures for verifying compliance by an issuer of a transferable security with its obligations under UK law

  2. (2)

    Regulated markets shall ensure that compliance with the obligations referred to in paragraph 1 is checked effectively in accordance with the nature of the obligation under review taking into account the supervisory tasks performed by the competent authority.

  3. (3)

    Regulated markets shall ensure that the procedures referred to in paragraph 1 describe:

    1. (a)

      the processes the regulated markets employ to achieve the outcome specified in paragraph 1;

    2. (b)

      how an issuer may best demonstrate compliance with the obligations referred to in paragraph 1 to the regulated market.

  4. (4)

    Regulated markets shall ensure that an issuer is made aware of the obligations referred to in paragraph 1 upon admission to trading of that issuer's transferable security and at the issuer's request.