We are consulting on the following changes that we are proposing to make to the Knowledge Base.
This guidance is likely to be of most relevance to issuers of transferable securities and their advisers, investors and other persons who interact with the UK Listing Authority.
Background to this consultation
The Knowledge Base[1] is the UKLA’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 Rules and Disclosure Guidance and Transparency Rules.
Summary of our proposals
We are consulting on the following changes that we are proposing to make to the Knowledge Base:
The addition of one new procedural note:
- Debt Securities-Issuer Substitution[2] (UKLA/PN/911.1)
The amendment of two existing technical notes:
- Shareholder obligations[3] (UKLA/TN/543.3)
- Sponsors: conflicts of interest[4] (UKLA/TN/701.3)
We summarise our proposals in Primary Market Bulletin No.17[5].
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 10 May 2017 to [email protected].
Alternatively, send them by post to:
Daniel Holmes
UKLA Department
Financial Conduct Authority
25 The North Colonnade
Canary Wharf
London E14 5HS