On 6 December 2019, the FCA published its quarterly consultation paper (No. 26) which proposes two particular changes to the Listing Rules.

The first is to make it clear that the Listing Rules' requirements in relation to shareholder circulars that certain documents must be "put on display" does not require a copy of a sale and purchase agreement in respect of a transaction requiring shareholder approval (for example) to be made available online but only to be made available for physical inspection at a designated location. The second is to require issuers to keep publicly available in the UK's National Storage Mechanism while ever they have securities admitted to the Official List a document allowing investors ready access to information about the securities' terms and conditions, or a description of the securities' rights and how the rights can be exercised.

The FCA Quarterly Consultation paper No. 26 can be found here.

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