We are consulting on the following changes that we are proposing to make to the Knowledge Base[1].
This guidance is likely to be of most relevance to issuers of transferable securities and their advisers, investors and other persons who interact with FCA.
Background to this consultation
The Knowledge Base[1] is the FCA’s repository of non-handbook commentary that has the status of formal FCA guidance. It consists of a series of short procedural and technical notes published in PDF form and ordered by topic. The notes relate to aspects of the Listing Rules, Prospectus Regulation Rules and Disclosure Guidance and Transparency Rules.
Summary of our proposal
We are consulting on the following changes that we are proposing to make to the Knowledge Base:
The amendment of one existing technical note:
- Master-feeder structures[2] (FCA/TN/409.1)
The addition of one new technical note:
- Class testing changes to an investment management agreement where there are unquantifiable benefits[3] (FCA/TN/411.1)
We summarise our proposals in Primary Market Bulletin No. 24[4]
Cost benefit analysis
A cost benefit analysis is not included in this consultation.
We want to hear what you think
Please send your comments on our proposals by 14 November 2019 to [email protected].
Alternatively, send them by post to:
Verena Ulrich
Listing Transactions Department
Financial Conduct Authority
12 Endeavour Square
London E20 1JN