Index by rule reference (from June 05)
This page consists of UKLA newsletter articles listed by rule reference after the Prospectus Directive was implemented.
| Listing rules | Articles | Edition |
|---|---|---|
| LR 1.4.9 | Electronic communications to shareholders | November 07 |
| LR TR 2 | Transitional provisions for VCTs (exemption from board independence provisions) | November 07 |
| LR 2.2.4 | Articles containing restrictions on transfer | July 07 |
| LR TR 3 | Transitional provisions for VCTs (exemption from quarterly portfolio disclosure) | |
| LR3 | Block listing returns | Feb 06 |
| LR 3.3.2 (c) | 4.1 Exemption letter | Sep 05 (pg 5) |
LR 3.4 |
Letters relating to amendments to the Official List resulting from reclassifications and redenominations |
|
| LR 3.4.7(1) | Increases to the size of a previously approved debt issuance programme | July 07 |
| LR 4 | Gaining admission to the Official List (open-ended funds) | November 07 |
| LR TR 4 | Transitional provisions for VCTs (exemption from related party rules) | November 07 |
| LR 5 | Reverse takeover | Sept 06 |
| LR 5.2.2 | Cancellation of listing | November 07 |
| LR 5.2.10 | Cancellation of listing in relation to a takeover offer | Sept 06 |
LR 6.1.3(1) |
The requirement for a 3 year track record under LR 6.1.4 |
|
LR 6.1.3(1)(b) |
To what standard should "stub" prepared in order to ensure the issuer complies with LR 6.1.3(1)(b) be prepared? |
|
LR 6.1.4 |
The requirement for a 3 year track record under LR 6.1.4 |
|
LR 6.1.5 |
The requirement for a 3 year track record under LR 6.1.4 |
|
| LR 6.1.7 | Scientific research based companies | November 07 |
| LR 6.1.12 | Scientific research based companies | November 07 |
| LR 6.1.16 | Working capital statements | Jun 05 (10)(pg 5) |
| LR 6.1.19 | Shares in public hands held outside the EEA | Sep 05 (pg 13) |
| LR 6.1.19 | Shares in public hands | November 07 |
LR 6.1.19(4)(e) |
How does the UKLA approach LR 6.1.19(4)(e) in relation to shareholdings held by Corporate Shareholders such as fund managers? |
|
LR 8 |
Sponsor Supervision: CP08/5 "Sponsor Regime – a targeted review" |
|
LR 8.2 |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
LR 8.3.1 |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
| LR 8.3.3 (1) | Sponsor independence - what is meant by 'significant interest' in entity/vct | Sep 05 (pg 13) |
| LR 8.3.6 | Sponsor independence | Sept 06 |
| LR 8.3.7 | Sponsor independence | Sep 05 (pg 7) |
LR 8.4.5-6 |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
| LR 8.6 | How to become an eligible employee | Sep 05 (pg 7) |
| LR 8.6.12 | Creation and maintenence of records | Feb 06 |
LR 8.6.14 |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
LR 8.6.15 |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
LR 8.7.7 |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
| LR 8.7.12 | Sponsor confirmation of independence | Sept 06 |
LR 8.7.22(3) |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
LR 8.7.24 |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
| LR 9.1.2 | Errata | Feb 06 |
| LR 9.2.11 | Contact details | Jun 05 (pg 11) |
| LR 9.3.4 | Errata | Feb 06 |
| LR 9.3.7 | Amendment to LR 9.3.7 - proxy form for re-election of retiring directors | Sep 05 (pg 14) |
LR 9.5.12 |
Rescues, Refinancing and Reconstructions |
|
| LR 9.6 | Definition of ordinary business | Feb 06 |
LR 9.7A.1 |
Preliminary results announcements |
|
| LR 9.7.2 | Contents of half-yearly report and preliminary statement of annual results | Sept 06 |
| LR 9.8.6 | Turnbull guidance on internal controls | Feb 06 |
| LR 9.8.6(1) | LR 9.8.6(1) and updated Companies Act 2006 references | July 07 |
| LR 9.9.8 | Contents of half-yearly report and preliminary statement of annual results | Sept 06 |
Annex to LR 9 |
Clarifying the close periods for issuers that report on a quarterly basis |
|
| LR 10 Annex 1 | Loss numbers in class tests Figures used to classify assets and profits |
Sep 05 (pg 12) Sept 06 |
| LR 10.2.7 | Multiple break fees | Sept 06 |
| LR 10.3 | Notification requirements for class 2 & 3 transactions | Sep 05 (pg 5) |
| LR 10.4 | Notification requirements for class 2 & 3 transactions | Sep 05 (pg 5) |
| LR 10.6 | The requirement for a suspension on announcement of a reverse takeover | Sep 05 (pg 5) |
LR 10.6 |
Enlarged group working capital statements for reverse takeovers |
|
| LR 10.7 | Changes for property companies | Sep 05 (pg 9) |
| LR 11 | Alterations to investment management fees Do the associate rules in LR11 apply to interests in a partnership held by a related party? |
|
LR 11.1.5(3) |
Do the associate rules in LR11 apply to interests in a partnership held by a related party? |
|
| LR 11.1.7 | Transactions with sponsors who are part of the investment manager's group | Sept 06 |
| LR 11.1.10 | Transactions with sponsors who are part of the investment manager's group | Sept 06 |
| LR 11 Annex 1R | Directors' Indemnities | Feb 06 |
| LR 12.5.1 | Convertible bond issuers and purchase of own securities | Sept 06 |
LR 13.3 |
Rescues, Refinancing and Reconstructions |
|
| LR 13.4.3 | 28 day circulars in hostile takeover situations | July 07 |
| LR 13.4.6 | Mineral expert's reports | Sept 06 |
| LR 13.4.7 | Mineral expert's reports | Sept 06 |
| LR 14 | Secondary listings (with consultation paper CP07/12) | November 07 |
| LR 14 | Migration from secondary listing to primary listing | November 07 |
LR 14.3 |
Requirement for GDR issuers to comply with DTR5 |
|
LR 14.3.23 |
Requirement for GDR issuers to comply with DTR5 |
|
| LR 15 | Differences between old and new regimes (Investment companies) | November 07 |
| LR 15.2.2 | Short-selling | November 07 |
| LR 15.2.2 | Single-tenanted property funds | November 07 |
| LR 15.2.3 | Controlling positions (replacing old LR15.2.2(3) | November 07 |
| LR 15.2.5 | Working capital statement in prospectus for investment entity/VCT | Sep 05 (pg 12) |
| LR 15.2.6 | Feeder funds | November 07 |
| LR 15.2.7 | Publication of investment policy | November 07 |
| LR 15.2.8 | Contents of investment policy | November 07 |
| LR 15.2.9 | Experience of investment manager | November 07 |
| LR 15.2.10 | Ways of meeting experience requirement for investment manager | November 07 |
| LR 15.2.12 | Treatment of securities lending/borrowing | November 07 |
| LR 15.5 | Do new applicant LR 15 REIT's have to comply with LR 15.5 | July 07 |
| LR 15.5.1 | Model code dispensations | November 07 |
| LR 15.5.2 | Acquiring assets during investment trust rollovers | November 07 |
| LR 15.6.8 | VCT quarterly portfolio disclosure | November 07 |
| LR 16 (old) | Convergence of VCT chapter with LR 15 (special rules for VCTs) | November 07 |
| LR 16 (new) | Open-ended funds | November 07 |
| LR 16 (new) | Gaining admission to the Official List (open-ended funds) | November 07 |
| LR 16.2.3 | Non qualifying investments (NQIs) held in venture capital trusts (VCTs) | Sep 05 (pg 8) |
| LR 16.2.6 | Working capital statement in prospectus for investment entity/VCT | Sep 05 (pg 8) |
| LR 18 | GDR eligibility letters | July 07 |
LR 18.4.3(2) |
Requirement for GDR issuers to comply with DTR5 |
|
LR 18.4.7 |
Requirement for GDR issuers to comply with DTR5 |
|
| LR Appendix 2 | Fees | Feb 06 |
| LR Definitions | Errata - definition of 'associate'. | Feb 06 |
| Prospectus rules | Articles | Edition |
|---|---|---|
| PR 1.1.8 | Changes for property companies | Sep 05 (pg 9) |
| PR 1.2.1 | Offers to discretionary private client brokers Definition of public offer for determination of home competent authority |
Jun 05(10) (pg 2) Jun 05(10) (pg 2) |
| PR 1.2.2 | Exemptions from the requirement to produce a prospectus | Jun 05(10) (pg 3) |
| PR 1.2.2 (1) | Subdivision or consolidation | July 07 |
| PR 1.2.2 (5) | Employee share schemes and options | Jun 05(10) (pg 3) |
| PR 1.2.3 (2) | Subdivision or consolidation | July 07 |
| PR 1.2.3 (6) | Employee share schemes and options | Jun 05(10) (pg 3) |
| PR 2.1.2 | Prospectus summaries | Jun 05(10) (pg 9) |
| PR 2.1.4 – 2.1.7 | Including a "summary" in a non-equity prospectus having a denomination of at least EUR50,000 | July 07 |
| PR 2.2 | How we will deal with documents from AIM issuers | Sep 05 (pg 3) |
| PR 2.2.9 | Passporting issues of interest | Feb 06 |
| PR 2.3 | How we will deal with documents from AIM issuers Advertisement regime |
Sep 05 (pg 3) Feb 06 |
| PR 2.4 | How we will deal with documents from AIM issuers Incorporation by reference |
Sep 05 (pg 3) Feb 06 |
PR 3.1.12 |
Requests for transfers to another Competent Authority made under PR 3.1.12 |
|
| PR 3.2.3 | 6 day rule 6 day rule |
Jun 05(10) (pg 8) Sep 05 (pg 3) |
| PR 3.3. | Mini prospectuses | Sep 05 (pg 4) |
| PR 3.4 | Supplementary prospectus | Sep 05 (pg 2) |
| PR 5.2 | Annual information updates | Jun 05(10) (pg 8) |
| PR 5.5.3 | Historical financial information on a guarantor in a non equity prospectus | Sep 05 (pg 10) |
| PR 5.5.3 | Responsibility statements: limited access situations | July 07 |
| PR Annex 3.3.1 | Working capital statements Working capital statement in prospectus for investment entity/VCT |
Jun 05(10) (pg 5) Sep 05 (pg 12) |
PR Annex 1, 20.1 |
Circumstances where an issuer is preparing a prospectus and, in order to comply with Annex 1, 20.1, is required to audit a period of less than one year? |
|
PR Annex 3, 3.1 |
Rescues, Refinancing and Reconstructions |
| Disclosure and transparency rules | Articles | Edition |
|---|---|---|
| DTR | Share buyback programmes – Market Abuse – 'Safe Harbour' | Feb 06 |
DTR 2 |
Continuing obligations – pure debt issuers |
|
| DTR 2.2 | Inside information – framework for handling
Takeovers and mergers Announcements by industry regulators, trade associations and Government departments |
Jun 05 (pg 2) Jun 05 (pg 8) Jun 05 (pg 8) |
| DTR 2.2.2 | Trading Statements | July 07 |
| DTR 2.2.1 | Regulatory Information Services (RIS) | Jun 05 (pg 9) |
| DTR 2.2.10 | Communications with shareholders and other interested parties Analysts |
Jun 05 (pg 4) Jun 05 (pg 4) |
| DTR 2.3. | The internet | Jun 05 (pg 9) |
| DTR 2.5 | Disclosing information under an embargo | Jun 05 (pg 8) |
| DTR 2.5 | Internal results briefing | July 07 |
| DTR 2.7 | Press speculation and market rumours | Jun 05 (pg 6) |
| DTR 2.8 | Insider lists | Jun 05 (pg 9) |
| DTR 2.8 | Insider lists and persons acting on an issuer's behalf | Feb 06 |
| DTR 2.8.1 | Insider lists and project lists | July 07 |
| DTR 3 | Persons discharging managerial responsibilities | Jun 05 (pg 10) |
| DTR 3.1.2 | Dealing on own account | Jun 05 |
| DTR 3.1.8R | Transactions by persons discharging managerial responsibilities and their connected persons | Sep 05 (pg 10) |
DTR 4 |
Half-yearly financial reports |
|
DTR 4.2 |
Half-yearly financial reports |
|
| DTR 4,5 and 6 | List! Issue No.14 (updated) | April 07 |
DTR 5 |
Requirement for GDR issuers to comply with DTR5 |
|
DTR 6 |
Half-yearly financial reports |
|
| DTR 6.1.8 | Electronic communications to shareholders | November 07 |
DTR 6.3.2-5 |
Half-yearly financial reports |
| Miscellaneous | Articles | Edition |
|---|---|---|
| Underwriting rights issues Short names Alternative performance measures Definition of home member state under the PD |
Feb 06 Feb 06 Feb 06 Feb 06 |
|
| Working capital statements in limited access acquisitions Related party transactions |
||
Timing of supplementary prospectuses How is the profits test applied to disposals or acquisitions of minority interests? Does the UKLA vet Schemes of Arrangement? Financial information required for guarantors of debt issues Annual information update Incorrect new issue and corporate action details sent to CREST for input Financial Promotions Statement of Principles on disapplication of pre-emption rights and Pre-emption Statement 1 & 2 |
||
Reverse takeovers: scenarios covered by the working capital statement Disclosure requirements in limited access situations Prospectus drafting issues Financial information in 'listed for listed' circulars Working capital statements in combined class 1 circular and prospectus Does a share purchase agreement in a class 1 circular need to go on display? Articles containing compulsory acquisition provisions Reclassified shares in an investment trust wind up/rollover REITS Targets/forecasts being construed as profit forecasts Articles containing compulsory acquisition provisions Early redemption of securities Comfort letters for schemes of arrangement UKLA Sponsor Forum Sponsor standard comments Persons discharging managerial responsibilities Timing of results announcements Market expectations Equivalence of third country accounting standards |
||
| FSMA s102B | Definition of a public offer | Jun 05(10) (pg 2) |
| FSMA S87Q | Withdrawal rights – specifically in relation to takeovers and rights issues | Sep 05 (pg 2) |
Part VI FSMA: Proceeds of Crime Act 2002 |
Listing transactions approach to high risk transactions |
|
| Process | Tranche fee payment system Timing on helpdesk queries Submission of written helpdesk queries CDD timetables and training seminars Helpdesk submissions using email Submissions using our Electronic Submission System Information sheet Payment form Fees Use of the Electronic Submission System (ELS) for final documents
|
|
| PD Annex I 16.2 |
Interpretation of disclosure requirements | July 07 |
| PD Annex IV 13.1 | Requirement to disclose cashflow – retail debt | Sep 05 (pg 6) |
| PD Annex V 5 PD Annex 12 5 |
Retail debt cascades | July 07 |
| S86(1)(e) FISMA | 100,000 Euro exemption | Sep 05 (pg 13) |
| PD Article 4.2(g) | Convertible exemption | July 07 |
| PD Article 4.1(d) | Securities allotted free of charge | July 07 |
PD Regs Article 16 |
CESR FAQs on information included in Final Terms, SPs or Securities Notes |
|
PD Regs Article 22.2 |
CESR FAQs on information included in Final Terms, SPs or Securities Notes |
|
Companies Act 2006 Sch 5 Sections 77(1) and 78(2) FSMA 2000 & Art 18(2) CARD |
Differences between the old and new LR regimes for investment companies Secondary listings Eligibility letters Transfers from AIM to the Official List Listing on the back of a passported prospectus Cancellation of Listing |
November 07 |
CP07/03 |
Significant Transaction fees – One year on |
|
DP08/1 |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
DP08/1 |
Requirement for GDR issuers to comply with DTR 5 |
|
DP08/5 |
Sponsor supervision: "Sponsor Regime – a targeted review" |
|
IAS 34 |
To what standard should "stub" prepared in order to ensure the issuer complies with LR 6.1.3(1)(b) be prepared? Circumstances where an issuer is preparing a prospectus and, in order to comply with Annex 1, 20.1, is required to audit a period of less than one year? Preliminary results announcements |
|
List! 14 |
Preliminary results announcements |
|
TD Article 9(1) |
Requirement for GDR issuers to comply with DTR5 |