UKLR 21.1 Suspending listing

Examples of when the FCA may suspend the listing of securities include (but are not limited to) situations where it appears to the FCA that:

1. (1)

   the issuer has failed to meet its continuing obligations for listing;

2. (2)

   the issuer has failed to publish financial information in accordance with the listing rules;

3. (3)

   the issuer is unable to assess accurately its financial position and inform the market accordingly;

4. (4)

   there is insufficient information in the market about a proposed transaction;

5. (5)

   the issuer’s securities have been suspended elsewhere;

6. (6)

   the issuer has appointed administrators or receivers, or is an investment trust and is winding up;

7. (7)

   for a securitised derivative that relates to a single underlying instrument, the underlying instrument is suspended;

8. (8)

   for a securitised derivative that relates to a basket of underlying instrument, one or more underlying instruments of the basket are suspended; or

9. (9)

   for a miscellaneous security that carries a right to buy or subscribe for another security, the security over which the listed miscellaneous security carries a right to buy or subscribe has been suspended.

The FCA will not suspend the listing of a security to fix its price at a particular level.

An issuer that intends to request the FCA to suspend the listing of its securities will need to comply with UKLR 21.3. The FCA will not suspend the listing if it is not satisfied that the circumstances justify the suspension.