Listing Rules - Revision history

Doug: Expand definition.

2025-04-27T14:53:07Z

Expand definition.

← Older revision		Revision as of 14:53, 27 April 2025
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	Parallel rules in other jurisdictions and for other stock exchanges, which may differ substantially in their details.		Parallel rules in other jurisdictions and for other stock exchanges, which may differ substantially in their details.


			Many listing rules are about full and simultaneous disclosure to the whole market of important information about the listed company.

			Especially any information that might influence the market price of the listed company's shares or bonds.


	== See also ==		== See also ==
			* [[Bond]]
	* [[Corporate finance]]		* [[Corporate finance]]
	* [[Listed company]]		* [[Listed company]]
	* [[Listing]]		* [[Listing]]
	* [[London Stock Exchange]]		* [[London Stock Exchange]]
			* [[Security]]
	* [[Stock exchange]]		* [[Stock exchange]]
	* [[Treasury]]		* [[Treasury]]

Doug: Update for replacement by UKLR.

2024-08-04T22:08:14Z

Update for replacement by UKLR.

@@ Line 1: / Line 1: @@
 .  ''Treasury - corporate finance - listed companies - UK - London Stock Exchange (LSE) - Financial Conduct Authority (FCA).''
-The UK's Listing Rules are regulations which apply to all companies with a Main Market listing - or seeking a Main Market listing - on the London Stock Exchange.
+The Listing Rules were the regulations which formerly applied to all listed companies on the London Stock Exchange.
-The Listing Rules are published by the UK's Financial Conduct Authority (FCA).
+They were replaced by the UK Listing Rules (UKLR) with effect from 29 July 2024.
@@ Line 55: / Line 12: @@
 == See also ==
 * [[Corporate finance]]
 * [[Listed company]]
 * [[Listing]]
 * [[London Stock Exchange]]
 * [[Stock exchange]]
 * [[Treasury]]
 * [[UK Listing Rules]]  (UKLR)

Doug: Mend link.

2024-08-04T17:55:34Z

Mend link.

← Older revision		Revision as of 17:55, 4 August 2024
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	* [[Related party transaction]]		* [[Related party transaction]]
	* [[Security]]		* [[Security]]
	* [[~~Shares~~]]		* [[Share]]
	* [[Significant transaction]]		* [[Significant transaction]]
	* [[Standard Listing]]		* [[Standard Listing]]
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	*[https://www.fca.org.uk/news/press-releases/fca-overhauls-listing-rules-boost-growth-and-innovation-uk-stock-markets FCA overhauls listing rules to boost growth and innovation on UK stock markets - FCA press release - 11 July 2024]		*[https://www.fca.org.uk/news/press-releases/fca-overhauls-listing-rules-boost-growth-and-innovation-uk-stock-markets FCA overhauls listing rules to boost growth and innovation on UK stock markets - FCA press release - 11 July 2024]
	*[https://www.fca.org.uk/publications/policy-statements/ps24-6-primary-markets-effectiveness-review-feedback-cp23-31-final-uk-listing-rules UK Listing Rules (UKLR) effective from 29 July 2024 - PS24/6: Primary Markets Effectiveness Review: Feedback to CP23/31 and final UK Listing Rules - FCA]		*[https://www.fca.org.uk/publications/policy-statements/ps24-6-primary-markets-effectiveness-review-feedback-cp23-31-final-uk-listing-rules UK Listing Rules (UKLR) effective from 29 July 2024 - PS24/6: Primary Markets Effectiveness Review: Feedback to CP23/31 and final UK Listing Rules - FCA]

	~~[[Category:Accounting,_tax_and_regulation]]~~
	~~[[Category:Financial_products_and_markets]]~~

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Financial_products_and_markets]]		[[Category:Financial_products_and_markets]]

Doug: Add quotes - source - FCA - https://www.fca.org.uk/publications/policy-statements/ps24-6-primary-markets-effectiveness-review-feedback-cp23-31-final-uk-listing-rules

2024-08-04T17:54:34Z

Add quotes - source - FCA - https://www.fca.org.uk/publications/policy-statements/ps24-6-primary-markets-effectiveness-review-feedback-cp23-31-final-uk-listing-rules

← Older revision		Revision as of 17:54, 4 August 2024
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	''London Stock Exchange.''		1. ''Treasury - corporate finance - listed companies - UK - London Stock Exchange (LSE) - Financial Conduct Authority (FCA).''

			The UK's Listing Rules are regulations which apply to all companies with a Main Market listing - or seeking a Main Market listing - on the London Stock Exchange.

			The Listing Rules are published by the UK's Financial Conduct Authority (FCA).

			Listing rules seek to strike an appropriate balance between the benefits of investor protection, and the related reporting and administrative burdens on listed companies.

	~~The Listing Rules are regulations which apply to all companies with a Main Market listing - or seeking a Main Market listing - on the London Stock Exchange.~~

	The Listing Rules are not mandatory for Alternative Investment Market (AIM) companies.		The Listing Rules are not mandatory for Alternative Investment Market (AIM) companies.
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	The ~~Listing Rules~~ are ~~published~~ by the UK'~~s Financial Conduct Authority (~~FCA).		:<span style="color:#4B0082">'''''FCA removes voting requirements for some listed company transactions'''''</span>

			:"The FCA has set out a simplified listings regime... for companies seeking to list their shares in the UK.

			:The overhaul of listing rules better aligns the UK’s regime with international market standards. It also ensures investors will have the information they need to make decisions about their money, while maintaining appropriate investor protections to hold the management of the companies they co-own to account.


			:The new rules remove the need for votes on significant or related party transactions and offer flexibility around enhanced voting rights. Shareholder approval for key events, like reverse takeovers and decisions to take the company’s shares off an exchange, is still required...

			:The FCA has been clear that the new rules involve allowing greater risk, but believes the changes set out will better reflect the risk appetite the economy needs to achieve growth."

			:''FCA press release - 11 July 2024.''


			:<span style="color:#4B0082">'''''Why we are changing the listing rules'''''</span>

			:"The new rules aim to encourage prospective issuers to choose a UK listing by streamlining our rules and removing our ‘premium’ and ‘standard’ listing segments in favour of a new commercial companies category for equity shares.

			:Our changes are also designed to remove frictions to growth once companies are listed, while continuing to place an emphasis on disclosure that puts information in the hands of investors to inform their investment decisions.

			:These final rules follow extensive engagement, feedback, and cost-benefit analysis of our original proposals."

			:''FCA - 11 July 2024.''


Line 20:		Line 47:

	:''ACT blog, 19 February 2021 - Naresh Aggarwal, Associate Director, Policy & Technical.''		:''ACT blog, 19 February 2021 - Naresh Aggarwal, Associate Director, Policy & Technical.''


			2. ''Treasury - corporate finance - listed companies.''

			Parallel rules in other jurisdictions and for other stock exchanges, which may differ substantially in their details.


	== See also ==		== See also ==
	* [[Alternative Investment Market]]		* [[Alternative Investment Market]] (AIM)
			* [[Corporate finance]]
	* [[De-listing]]		* [[De-listing]]
	* [[Disclosure and Transparency Rules]]		* [[Disclosure and Transparency Rules]]
			* [[Equity]]
	* [[Financial Conduct Authority]] (FCA)		* [[Financial Conduct Authority]] (FCA)
			* [[Friction]]
	* [[Initial public offering ]]		* [[Initial public offering ]]
	* [[Introduction]]		* [[Introduction]]
			* [[Jurisdiction]]
			* [[Listed company]]
	* [[Listing]]		* [[Listing]]
	* [[Listing particulars]]		* [[Listing particulars]]
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	* [[Related party transaction]]		* [[Related party transaction]]
	* [[Security]]		* [[Security]]
			* [[Shares]]
	* [[Significant transaction]]		* [[Significant transaction]]
	* [[Standard Listing]]		* [[Standard Listing]]
	* [[Stock]]		* [[Stock]]
			* [[Stock exchange]]
	* [[Task Force on Climate-related Financial Disclosures]]		* [[Task Force on Climate-related Financial Disclosures]]
	* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]] - UK		* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]] - UK
			* [[Treasury]]
			* [[UK Listing Rules]] (UKLR)


			==Other resources==
			*[https://www.fca.org.uk/news/press-releases/fca-overhauls-listing-rules-boost-growth-and-innovation-uk-stock-markets FCA overhauls listing rules to boost growth and innovation on UK stock markets - FCA press release - 11 July 2024]
			*[https://www.fca.org.uk/publications/policy-statements/ps24-6-primary-markets-effectiveness-review-feedback-cp23-31-final-uk-listing-rules UK Listing Rules (UKLR) effective from 29 July 2024 - PS24/6: Primary Markets Effectiveness Review: Feedback to CP23/31 and final UK Listing Rules - FCA]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:Financial_products_and_markets]]

	[[Category:Accounting,_tax_and_regulation]]		[[Category:Accounting,_tax_and_regulation]]
	[[Category:Financial_products_and_markets]]		[[Category:Financial_products_and_markets]]

Doug: Add links.

2024-08-04T13:55:23Z

Add links.

← Older revision		Revision as of 13:55, 4 August 2024
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	''London Stock Exchange''		''London Stock Exchange.''

	The Listing Rules are regulations which apply to all companies with a Main Market listing - or seeking a Main Market listing - on the London Stock Exchange.		The Listing Rules are regulations which apply to all companies with a Main Market listing - or seeking a Main Market listing - on the London Stock Exchange.
Line 8:		Line 8:


	The Listing Rules are published by the UK's Financial Conduct Authority.		The Listing Rules are published by the UK's Financial Conduct Authority (FCA).


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	* [[De-listing]]		* [[De-listing]]
	* [[Disclosure and Transparency Rules]]		* [[Disclosure and Transparency Rules]]
	* [[Financial Conduct Authority]]		* [[Financial Conduct Authority]] (FCA)
	* [[Initial public offering ]]		* [[Initial public offering ]]
	* [[Introduction]]		* [[Introduction]]
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	* [[Premium Listing]]		* [[Premium Listing]]
	* [[Private placement]]		* [[Private placement]]
			* [[Related party transaction]]
	* [[Security]]		* [[Security]]
			* [[Significant transaction]]
	* [[Standard Listing]]		* [[Standard Listing]]
	* [[Stock]]		* [[Stock]]

Doug: Classify page.

2024-01-24T01:27:06Z

Classify page.

← Older revision		Revision as of 01:27, 24 January 2024
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	* [[Task Force on Climate-related Financial Disclosures]]		* [[Task Force on Climate-related Financial Disclosures]]
	* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]] - UK		* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]] - UK

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:Financial_products_and_markets]]

Doug: Remove out of date material.

2024-01-24T01:26:44Z

Remove out of date material.

← Older revision		Revision as of 01:26, 24 January 2024
Line 40:		Line 40:
	* [[Task Force on Climate-related Financial Disclosures]]		* [[Task Force on Climate-related Financial Disclosures]]
	* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]] - UK		* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]] - UK


	~~==Other resource==~~
	~~[http://www.treasurers.org/node/10045 Make a debut, David Tilston, The Treasurer April 2014]~~

	~~[[Category:Corporate_finance]]~~

imported>Doug Williamson: Add link.

2022-12-23T21:42:05Z

Add link.

← Older revision		Revision as of 21:42, 23 December 2022
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	* [[Stock]]		* [[Stock]]
	* [[Task Force on Climate-related Financial Disclosures]]		* [[Task Force on Climate-related Financial Disclosures]]
			* [[The Companies (Strategic Report) (Climate-related Financial Disclosure) Regulations 2022]] - UK


	===Other ~~links=~~==		==Other resource==
	[http://www.treasurers.org/node/10045 Make a debut, David Tilston, The Treasurer April 2014]		[http://www.treasurers.org/node/10045 Make a debut, David Tilston, The Treasurer April 2014]

	[[Category:Corporate_finance]]		[[Category:Corporate_finance]]

imported>Doug Williamson: Add link.

2021-03-11T11:56:25Z

Add link.

← Older revision		Revision as of 11:56, 11 March 2021
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	* [[Listing particulars]]		* [[Listing particulars]]
	* [[London Stock Exchange]]		* [[London Stock Exchange]]
			* [[Main Market]]
	* [[Premium Listing]]		* [[Premium Listing]]
	* [[Private placement]]		* [[Private placement]]

imported>Doug Williamson: Layout.

2021-03-11T11:22:27Z

Layout.

← Older revision		Revision as of 11:22, 11 March 2021
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	:The new Rule (LR 9.8.6(8)) does this by requiring disclosures in annual reports consistent with the recommendations and recommended disclosures of the Task Force on Climate-related Disclosures (TCFD).		:The new Rule (LR 9.8.6(8)) does this by requiring disclosures in annual reports consistent with the recommendations and recommended disclosures of the Task Force on Climate-related Disclosures (TCFD).

	:The Rule will apply to accounting periods beginning on or after 1 January 2021 with the first annual financial reports under the new rule ~~will be~~ published in the spring of 2022. "		:The Rule will apply to accounting periods beginning on or after 1 January 2021 with the first annual financial reports under the new rule published in the spring of 2022."

	:''ACT blog, 19 February 2021 - Naresh Aggarwal, Associate Director, Policy & Technical.''		:''ACT blog, 19 February 2021 - Naresh Aggarwal, Associate Director, Policy & Technical.''