Part

LR Listing Rules

Chapter

Miscellaneous Securities: Standard listing

Printed on: 17/05/2024

Rulebook at: 27/07/2012

LR 20

Miscellaneous Securities: Standard
listing

LR 20.1

Application

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LR 20.1.1

handbook-rule
This chapter applies to an issuer of miscellaneous securities.
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LR 20.1.2

handbook-guidance
Miscellaneous securities include warrants and options and other similar securities.
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LR 20.2

Requirements for listing

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LR 20.2.1

handbook-rule
An applicant for the admission of miscellaneous securities must comply with LR 2 (Requirements for listing: All securities).
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LR 20.3

Listing applications

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Listing application procedures

LR 20.3.1

handbook-rule

An applicant for admission of miscellaneous securities must comply with:

  1. (1) LR 3.2 (Application for admission to listing); and
  2. (2) LR 3.4.4 R to LR 3.4.8 R.
  • 06/04/2010

LR 20.4

Continuing obligations

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Application

LR 20.4.1

handbook-rule
An issuer that has only miscellaneous securities listed is subject to the continuing obligations set out in this chapter.
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LR 20.4.2

handbook-rule
An issuer that has both miscellaneous securities and other securities listed is subject to the continuing obligations set out in this chapter and the continuing obligations that are applicable to the other securities so listed.
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Admission to trading

LR 20.4.3

handbook-rule
  1. (1) An issuer's listed miscellaneous securities must be admitted to trading on a RIE's market for listed securities at all times.
  2. (2) An issuer must inform the FSA in writing as soon as possible if it has:
    1. (a) requested a RIE to admit or re-admit any of its listed miscellaneous securities to trading; or
    2. (b) requested a RIE to cancel or suspend trading of any of its listed miscellaneous securities; or
    3. (c) been informed by a RIE that the trading of any of its listed miscellaneous securities will be cancelled or suspended.
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LR 20.4.4

handbook-rule
An issuer with listed miscellaneous securities must comply with LR 2.2.12 R at all times.
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Disclosure rules and transparency rules

LR 20.4.5

handbook-rule
An issuer must comply with DTR 2.1 to DTR 2.7 as if it were an issuer for the purposes of the disclosure rules and transparency rules.
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LR 20.4.6

handbook-guidance
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).
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LR 20.4.7

handbook-rule
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.
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Documents of title

LR 20.4.8

handbook-rule
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.
  • 06/04/2010

LR 20.5

Disclosures

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LR 20.5.1

handbook-rule
An issuer must submit to the FSA 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.
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LR 20.5.2

handbook-rule
An issuer must notify a RIS of all notices to holders of listed miscellaneous securities no later than the date of despatch or publication.
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Underlying securities

LR 20.5.3

handbook-rule
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 listed miscellaneous security carries a right to buy or subscribe.
  • 06/04/2010

Suspension of listing

LR 20.5.4

handbook-rule
An issuer must inform the FSA immediately if it becomes aware that any security over which the listed miscellaneous security carries a right to buy or subscribe that is listed or traded outside the United Kingdom has been suspended.
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LR 20.5.5

handbook-guidance
  • 06/04/2010