UKLRs - requirements for listed issuers

For listed issuers, a number of new requirements under the UK Listing Rules (UKLRs) will apply as of 30 January 2025. This follows a six month transitional period further to the entry into force of the UKLRs on 29 July 2024. 

1. Key persons contact details

A legacy Listing Rule issuer (i.e. an issuer listed prior to 29 July 2024) must ensure that the FCA is provided, at all times, with up-to-date contact details of at least two of its executive directors or, if the issuer has no executive directors, at least two of its directors. Where the issuer has only one executive director or only one director, the details of this director must be provided.

Such directors must be key persons able to assist the FCA on matters that require an urgent response.

Relevant details include their name, business telephone number and business email address. 

Issuers must also notify the FCA of any changes to the contact details as soon as possible.

2. Service of notices

A legacy Listing Rule issuer must also ensure that the FCA is provided, at all times, with up-to-date contact details of a nominated person at the issuer, including such person's address (email or postal) for the purposes of receiving service of relevant documents.

Both the above requirements apply in addition to the requirement to provide first point of contact details which has been carried over from the Listing Rules.

The issuer contact details form can be accessed on the FCA website. Completed forms can either be emailed (listingapplications@fca.org.uk) or posted to the FCA.

3. Listing Principles 3 to 6

In addition, for legacy standard listed issuers (i.e. issuers listed on the former standard listing segment before 29 July 2024), Listing Principles 3 to 6 (summarised below) will apply. By way of reminder, a single set of six Listing Principles underpins the reformed listing regime, replacing the bifurcated Listing Principles and Premium Listing Principles.

• Listing Principle 3 - taking reasonable steps to enable directors to understand their responsibilities and obligations as directors.
• Listing Principle 4 – acting with integrity towards holders and potential holders of listed securities.
• Listing Principle 5 – ensuring equal treatment of holders.
• Listing Principle 6 - avoiding the creation or continuation of a false market.