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The UK Listing Rules (UKLR) are a set of regulations applicable to any company listed on a United Kingdom stock exchange, subject to the oversight of the Financial Conduct Authority (FCA). The UK Listing Rules set out mandatory standards for any company wishing to list its shares or securities for sale to the public, including principles on ...
It is overseen by the Financial Reporting Council and its importance derives from the Financial Conduct Authority's Listing Rules. The Listing Rules themselves are given statutory authority under the Financial Services and Markets Act 2000 [2] and require that public listed companies disclose how they have complied with the code, and explain ...
The FCA published new Listing Rules in 2024, aiming to simplify the UK listings regime, marking the most significant changes in over three decades. These rules, effective from 29 July 2024, created a single listing category and streamlined eligibility criteria to encourage a wider range of companies to issue shares in the UK. [9]
The compliance oversight function is the function of acting in the capacity of a director or senior manager who is allocated by the Financial Services Authority the function of reporting to the governing body to ensure compliance with the rules set out in Conduct of Business, Collective Investment Schemes and Client Assets related operations. [10]
The Financial Conduct Authority Handbook is a set of rules required to be followed by banks, insurers, investment businesses and other financial services in the United Kingdom under the Financial Services and Markets Act 2000. It is administered by the Financial Conduct Authority in London.
The Act gives the Financial Services Authority (now the Financial Conduct Authority) power to make rules to implement the requirements of the Directive, which would be implemented by way of changes to the existing Listing Rules and Disclosure Rules. Under s.1270, the Act also introduced a statutory compensation scheme for misleading or ...
The new rules were proposed by the U.S. Securities and Exchange Commission and the U.S. Treasury Treasury's Financial Crimes Enforcement Network (FinCEN). In February, FinCEN proposed requiring ...
The Official List (or UKLA Official List) is the list of securities maintained by the British Financial Conduct Authority (acting in its capacity as the UK Listing Authority). The list indicates the listing category of the listed securities and if they have a premium listing or standard listing. [1]