A Regulatory Information Service is a service that receives regulatory information from listed companies (and other entities), processes that information and disseminates (circulates) it to Secondary Information Providers (SIPs). We maintain a list of Regulatory Information Services on our website.

Q. What is the difference between a Regulatory Information Service and a PIP service?

A Regulatory Information Service is a Primary Information Provider service (PIP service) that the FSA has approved, and whose name appears in Appendix 3 to the Listing Rules.

Q. Who are the Regulatory Information Services and where can I find contact details?

The list of Regulatory Information Services can be found on our website.

Q. Do I need to register with one of the Regulatory Information Services?

The FSA does not require an issuer to register with a Regulatory Information Service and there is no deadline for registration.

However, we understand that Regulatory Information Services may require a company to be registered before announcements can be made through their service.

Secondary Information Providers (SIPs)

SIPs are services that take the information provided by Regulatory Information Services and bundle it together into a single source of regulatory information.

Q. Who are the SIPs?

We do not regulate SIPs and so there is no defined list of SIPs. Anyone who onwardly distributes regulatory information from Regulatory Information Services is a SIP. However, the following SIPs have indicated to us that they will continue to act as a single source of all regulatory news for their clients:

For institutional investors:

  • AFX News
  • Bloomberg
  • Perfect Information
  • Reuters
  • Thomson Financial (who provide ICV and TOPIC products)
  • Track Data Corporation

For retail investors (via internet):

 

Costs to listed companies

Each Regulatory Information Service will charge for their services. Previously, all regulatory information was provided to the market through the London Stock Exchange’s Regulatory News Service (RNS). Under this system we paid the London Stock Exchange a fee to partially cover the cost of RNS's services. We recovered this money through the annual listing fee. We have now stopped subsidising RNS's services in this way.

Q. What documents am I required to submit to the UKLA?

As set out in the Listing Rules, a listed company is generally required to submit to the UKLA two copies of any listing particulars that they have published or circulars that they are sending to their shareholders. These documents include:

  • annual report and accounts;
  • class 1 circulars;
  • routine circulars;
  • Listing Particulars;
  • notice of AGM;
  • proxy forms; and
  • SEC documents.

Q. How should I notify the market that I have submitted these documents to the UKLA?

An issuer must notify the market when it submits documents to the UKLA by sending an announcement to a Regulatory Information Service. A listed company is required only to fulfil the relevant Listing Rules about notification (LR9.3.3, LR17.3.1R(2) and LR19.5.4). Below is the text of an announcement previously submitted to a Regulatory Information Service:

"Document on [Title of document]

A copy of the above document has been submitted to the UK Listing Authority, and will shortly be available for inspection at the UK Listing Authority's Document Viewing Facility, which is situated at:

Financial Services Authority
25 The North Colonnade
Canary Wharf
London
E14 5HS

Telephone:. (0)20 7066 1000"

Q. Will I be charged for making this announcement?

A. Yes, a Regulatory Information Service will charge you for making this announcement in the normal way.