“The recent introduction of the Transparency Directive in the UK has led to a revision of the Listing Rules, and the Disclosure and Transparency Rules. We are also consulting on revising the Investment Entities Listing Regime. In light of these recent developments, it is of considerable importance that we make the FSA Listing Rules, Prospectus Rules, and Disclosure and Transparency Rules as accessible as possible to the market. I therefore recommend this annual guide to all companies, whether on the market or raising capital, and their advisers as a useful and practical commentary on the UKLA regime.”

Hector Sants, Managing Director of Wholesale and Institutional Markets, Financial Services Authority

Sample Chapter

A Practitioner’s Guide to The FSA Listing Regime is the definitive, annual guide to the requirements of the Listing, Prospectus, and Disclosure and Transparency Rules. It offers practical guidance on the eligibility criteria and continued obligations for listing on the London Stock Exchange. The disclosure requirements and the contents, approval and publication of prospectuses are also covered.

This year’s edition covers the introduction of the Transparency Directive in the UK, which is designed to enhance transparency in EU capital markets. The Directive covers periodic financial reporting, major shareholding disclosures and the dissemination and storage of regulated information.

The book also includes details of the Investment Entities Listing Review, which aims to replace the existing regime with a more principles-based approach. The FSA published two consultation papers containing its proposals for achieving this during 2006 and is aiming to implement the new regime during the second half of 2007. The proposals set out a more modern and flexible platform to give investment entities greater choice in selecting investments.

This best selling Practitioner’s Guide is structured to provide a general introduction to the three rulebooks and statutory framework, before examining their requirements in more detail. Separate chapters deal with prospectuses, financial information, continuing obligations, significant transactions, overseas companies and specialist securities.

Each chapter is written by a leading authority to ensure you are provided with the best commentary and advice.

Content

Chapter 1
The FSA Listing Rules
Hector Sants, Managing Director of Wholesale and Institutional Markets, Financial Services Authority

Chapter 2
The Statutory Framework for Listing
Lucy Fergusson, Partner, Linklaters LLP

Chapter 3
Application Procedure and Publication of Prospectuses
Iain Hunter, Partner, Clifford Chance LLP

Chapter 4
Contents of Prospectuses
John Papanichola, Partner, Slaughter and May

Chapter 5
Financial Information
Linda Main, Partner, KPMG LLP

Chapter 6
Continuing Obligations
Stephen Mathews, Partner, Allen & Overy LLP

Chapter 7
Significant Transactions and Related Party Transactions
Stuart Evans, Partner, Simmons & Simmons

Chapter 8
Overseas Companies, Investment Entities, Debt and Specialist Securities, and Mineral Companies
Simon FT Cox, Partner, Norton Rose

Who will benefit?

Accountants

Company Secretaries

Corporate Development Directors

Finance Directors

In-house Lawyers

Lawyers in Professional Practice

Merchant Bankers

Stockbrokers