The FCA published Primary Market Bulletin No. 10 on 30 January 2015 which updates UK Listing Authority's ("UKLA") Knowledge Base with two new Technical Notes on sponsors' compliance with competence requirements.

The first Technical Note (UKLA/TN/714.1) contains guidance on LR 8 and the level of skills, knowledge and expertise expected from sponsors, and the responsibilities and obligations of a sponsor.

The second Technical Note (UKLA/TN/715.1) aims to assist sponsors, or applicants who wish to become sponsors, in considering whether they meet, or continue to meet, the competence requirements.

A copy of Primary Market Bulletin No. 10 is available at:

http://www.fca.org.uk/news/fg15-02.

A copy of Technical Note (UKLA/TN/714.1) is available at:

http://www.fca.org.uk/your-fca/documents/ukla/technical-note-714-1.

A copy of Technical Note (UKLA/TN/715.1) is available at:

http://www.fca.org.uk/your-fca/documents/ukla/technical-note-715-1.

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.