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UKLR 3.1 Preliminary

Application

19/01/2026R

This chapter applies to all applicants, unless a rule is specified only to apply to a particular type of applicant or security.

Refusal of applications

29/07/2024G

Under the Act, the FCA may not grant an application for admission unless it is satisfied that:

  1. (1)

    the requirements of the listing rules are complied with; and

  2. (2)

    any special requirement (see UKLR 3.1.4R) is complied with.

29/07/2024G

Under the Act, the FCA may also refuse an application for admission if it considers that:

  1. (1)

    admission of the securities would be detrimental to investors’ interests; or

  2. (2)

    for securities already listed in a third country, the issuer has failed to comply with any obligations under that listing.

Special requirements

29/07/2024R
  1. (1)

    The FCA may make the admission of securities subject to any special requirement that it considers appropriate to protect investors.

  2. (2)

    The FCA must explicitly inform the issuer of any special requirement that it imposes.

No conditional admission

29/07/2024G

The FCA is not able to make the admission of securities conditional on any event. The FCA may, in particular cases, seek confirmation from an issuer before the admission of securities that the admission does not purport to be conditional on any matter.

Relevant securities

19/01/2026R

In this Chapter:

  1. (1) references to ‘relevant securities’ are to the securities which will be in issue when admission to listing becomes effective as set out in UKLR 20.2.7G; and

  2. (2) references to ‘relevant shares’ are to the shares which will be in issue when admission to listing becomes effective as set out in UKLR 20.2.7G.