Admission And Disclosure Standards: Consultation On Amendments To Standards And High Growth Segment Rulebook

SS
Shearman & Sterling LLP
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On 4 December 2015, the London Stock Exchange ("LSE") published Notice N19/15 to consult on proposed amendments to the Admission and Disclosure Standards and the High Growth Segment Rulebook.
UK Corporate/Commercial Law
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On 4 December 2015, the London Stock Exchange ("LSE") published Notice N19/15 to consult on proposed amendments to the Admission and Disclosure Standards and the High Growth Segment Rulebook. The notice makes clear that that the majority of the proposed changes relate to the structure of the Standards and are of an "administrative or clarificatory nature."

The Standards are being:

  • Restructured so that they may serve as a consolidated resource for issuers and advisors (they will include schedules which contain further detail on the admission process and criteria for each of the relevant markets and segments);
  • Revised so as to include an exemption for life science companies; and
  • Amended so that the Executive Panel has increased powers to impose a fine of up to a maximum of £100,000 per breach of compliance procedures.

The consultation closed on 8 January 2016.

The notice can be found at:

http://www.londonstockexchange.com/traders-and-brokers/rules-regulations/change-and-updates/stock-exchange-notices/2015/n19.pdf

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Admission And Disclosure Standards: Consultation On Amendments To Standards And High Growth Segment Rulebook

UK Corporate/Commercial Law
Contributor
Our success is built on our clients’ success. We have a long and distinguished history of supporting our clients wherever they do business, from major financial centers to emerging and growth markets. We represent many of the world’s leading corporations and major financial institutions, as well as emerging growth companies, governments and state-owned enterprises, often working on ground-breaking, precedent-setting matters. With a deep understanding of our clients' businesses and the industries they operate in, our work is driven by their need for outstanding legal and commercial advice.
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