Q&As

What are the main requirements for a premium or standard listing on the main market of the London Stock Exchange?

read titleRead full title
Published on LexisPSL on 20/03/2017

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • What are the main requirements for a premium or standard listing on the main market of the London Stock Exchange?

What are the main requirements for a premium or standard listing on the main market of the London Stock Exchange?

The UK listing regime has two listing segments: standard and premium, each of which is divided into a number of categories. A company must comply with the requirements that are applicable to the category under which it is listed.

To obtain a standard listing a company must comply with the minimum European Union (EU) directive standards, which are incorporated into the Listing Rules. A company seeking a standard listing must satisfy the basic eligibility conditions set out in chapter 2 of the Listing Rules. In particular:

  1. the securities must be issued by a body corporate

  2. the company must be in compliance with applicable legal and regulatory requirements, and

  3. the company must have published an approved prospectus which has been approved by the Financial Conduct Authority (FCA)

To obtain a premium listing of its equity shares a company must comply with requirements that exceed those required under relevant EU directives, referred to as the super-equivalent standards. These standards are set by the FCA and the main conditions which must be fulfilled

Popular documents