UKLR 5.1 Application

This chapter applies to an applicant for the admission of equity shares other than those of:

1. (1)

   a closed-ended investment fund;

2. (2)

   an open-ended investment company;

3. (3)

   a shell company; or

4. (4)

   an investment entity that is not a closed-ended investment fund or an open-ended investment company.

This chapter applies to an applicant for the admission of equity shares to the equity shares (commercial companies) category, including an applicant that has equity shares admitted to the equity shares (commercial companies) category and is applying for equity shares in a new class to be admitted to the equity shares (commercial companies) category, except where:

(1) [deleted]

1. (2)

    the following conditions are met:

   1. (a)

       a company has an existing listing in the equity shares (commercial companies) category;

   2. (b)

       the applicant is a new holding company of the company in (2)(a); and

   3. (c)

       the company in (2)(a) is not entering into a transaction classified as a reverse takeover.