This proposed guidance relates to the Listing Rules and Disclosure and Transparency Rules (LR and DTR).
This guidance is likely to be of most relevance to issuers of transferable securities (companies/entities) and their advisers (sponsor firms, advisory firms and law firms), investors and other persons who interact with the UK Listing Authority (UKLA).
Background to this consultation
Primary Market Bulletin (PMB) No. 9[1] provides background to the proposed amendments to Knowledge Base. The Knowledge Base is the UKLA’s repository of non-handbook technical commentary that has the status of formal FCA guidance. It consists of a series of short technical and procedural notes (Notes) published in PDF form and arranged by topic.
Summary of the key issues
We are proposing to amend 3 existing notes in the Knowledge Base as follows:
- Ratification Circulars[2] (UKLA/TN/204.2)
- Transactions by persons discharging managerial responsibilities and their connected persons[3] (UKLA/TN/540.2)
- Hostile Takeovers[4] (UKLA/TN/305.2)
Subject to the outcome of the consultation, we intend to publish the amended Notes on the Knowledge Base.
Cost benefit analysis
CBA is not included in this consultation.
We invite your views
Do you have any comments on the amendments we wish to make to the Knowledge Base?
Please respond by 12 December 2014.
Please email your responses to: [email protected]
Alternatively, please send your responses by post or telephone us:
Darryl Smith
UKLA Department
Financial Conduct Authority
25 The North Colonnade
London E14 5HS
Telephone: 0207 066 3322