LR Resource Note—LR 15—Closed-Ended Investment Funds: Premium listing

The following Corporate practice note provides comprehensive and up to date legal information covering:

  • LR Resource Note—LR 15—Closed-Ended Investment Funds: Premium listing
  • Index
  • LR 15—Setting the scene
  • Amendments to LR 15—end of Brexit implementation period
  • LR 15—FCA consultation CP21/21: Primary Markets Effectiveness Review, July 2021
  • LR 15—General
  • LR 15.1—Application
  • Definition of closed-ended investment fund
  • LR 15.2.4 A—Requirements for listing—no restriction on controlling stakes
  • ‘Passive investor’ requirement removed
  • More...

LR Resource Note—LR 15—Closed-Ended Investment Funds: Premium listing

This Resource Note highlights relevant commentary, analysis and resources to assist with the interpretation of, and provide practical guidance on the application of, Chapter 15 of the Listing Rules (LR 15).

Materials covered in this Resource Note include, where relevant:

  1. the Financial Conduct Authority (FCA) Handbook

  2. FCA guidance in its Knowledge Base—Procedural notes and Technical notes (which constitute formal guidance and are binding on the FCA)

  3. FCA consultation papers, discussion papers and policy, feedback statements and warnings

  4. Primary Market Bulletins and other publications of the FCA

  5. former UKLA technical and procedural notes and the UKLA's newsletter List!, where still relevant to the interpretation or application of a provision

  6. retained EU legislation

  7. EU Directives and EU Regulations, where relevant to interpretation of a provision

  8. Lexis PSL and LexisLibrary resources

Index

LR 15—Setting the scene

Amendments to LR 15—end of Brexit implementation period

LR 15—General

LR 15.1—Application

LR 15.2.4 A—Requirements for listing—no restriction on controlling stakes

LR 15.2.7 R—Investment policy

LR 15.2.19 R—Board to effectively monitor and manage investment manager

LR 15.4.7A—Continuing obligations

LR 15.4.11 R—Further issues

LR 15.5.2 R—Significant transactions

LR 15.6—Notifications

De-regulation for property focused funds

Deregulation for listed overseas collective investment schemes

LR 15—Setting the scene

FCA Handbook link to LR 15LR 15
What it coversLR 15 sets out the specific rules (relating to eligibility for listing and continuing obligations) that apply to a closed-ended investment fund applying

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