Home FCA Handbook UKLR UKLR 12 UKLR 12.3 Requirements with continuing application
You are viewing UKLR 12.3 Requirements with continuing application as of . UKLR 12.3 Requirements with continuing application was last updated on 19/01/2026.

UKLR 12.3 Requirements with continuing application

Authorisation or recognition

29/07/2024R

An open-ended investment company must comply with UKLR 12.2.1R at all times.

Admission to trading

19/01/2026R

A listed company must at all times have equity shares admitted to trading that are in the class of equity shares which are listed in the open-ended investment companies category.

19/01/2026G

Where a listed company has more than one class of equity shares listed in the open-ended investment companies category, it must have equity shares of each class admitted to trading. 

Transferability

19/01/2026R

A listed company must ensure that the listed equity shares are at all times freely transferable.

Further issues - validity

19/01/2026R

When further equity shares of the same class as equity shares that are listed are issued, the listed company must comply with the requirements in UKLR 3.2.2R  in relation to such further equity shares.

Copies of documents

29/07/2024R

An open-ended investment company must forward to the FCA, for publication, by uploading to the national storage mechanism, a copy of:

  1. (1)

    all circulars, notices, reports or other documents to which the listing rules apply, at the same time as any such documents are issued; and

  2. (2)

    all resolutions passed by the open-ended investment company, other than resolutions concerning ordinary business at an annual general meeting, as soon as possible after the relevant general meeting.

29/07/2024R
  1. (1)

    An open-ended investment company must notify a RIS as soon as possible when a document has been forwarded to the FCA under UKLR 12.3.4R unless the full text of the document is provided to the RIS.

  2. (2)

    A notification made under (1) must set out where copies of the relevant document can be obtained.

First point of contact details

29/07/2024R

An open-ended investment company must ensure that the FCA is provided with up-to-date contact details of at least one appropriate person nominated by it to act as the first point of contact with the FCA in relation to the open-ended investment company’s compliance with the listing rules, the disclosure requirements and the transparency rules, as applicable.

Compliance with the disclosure requirements and corporate governance rules

29/07/2024G

An open-ended investment company whose equity shares are admitted to trading on a regulated market in the United Kingdom should consider its obligations under the disclosure requirements.

29/07/2024R

An open-ended investment company that is not already required to comply with DTR 7.2 (Corporate governance statements) must comply with DTR 7.2 as if it were an issuer to which that section applies.

Changes to tax status

29/07/2024R

An open-ended investment company must notify any change in its taxation status to a RIS as soon as possible.