Find out about the changes to turnaround times for reviewing and processing listing transactions over the Christmas and New Year period.
This Christmas we are changing our standard turnaround times for reviewing documents and guidance cases as well as the process for listing applications. This is to ensure that the staff working between Christmas and New Year can focus their attention on the most time-sensitive transactions.
When calculating response times for documents and guidance requests, we will not include any of the days from Monday 23 December 2024 to Thursday 2 January 2025 inclusive. We will still have staff working on 23 and the morning of 24 December, on 27, 30 and the morning of 31 December, and from 2 January. We encourage advisers to contact us early about any time-critical matters.
The table below shows how this works in practice.
| Initial submissions | First comments due on: | ||
|---|---|---|---|
| received before 4pm on: | 10 day | 5 day | 4 day |
| Friday 6 December | 20 December | 13 December | 12 December |
| Monday 9 December | 3 January | 16 December | 13 December |
| Tuesday 10 December | 4 January | 17 December | 16 December |
| Wednesday 11 December | 5 January | 18 December | 17 December |
| Thursday 12 December | 6 January | 19 December | 18 December |
| Friday 13 December | 7 January | 20 December | 19 December |
| Monday 16 December | 10 January | 3 January | 20 December |
| Tuesday 17 December | 13 January | 6 January | 3 January |
| Wednesday 18 December | 14 January | 7 January | 6 January |
| Thursday 19 December | 15 January | 8 January | 7 January |
| Friday 20 December | 16 January | 9 January | 8 January |
| Thursday 2 January | 17 January | 10 January | 9 January |
| Friday 3 January | 17 January | 10 January | 9 January |
| Monday 6 January | 20 January | 13 January | 10 January |
| Subsequent submissions | Comments due on: | ||
|---|---|---|---|
| received before 8am on: | 5 day | 3 day | 2 day |
| Monday 16 December | 20 December | 18 December | 17 December |
| Tuesday 17 December | 3 January | 19 December | 18 December |
| Wednesday 18 December | 6 January | 20 December | 19 December |
| Thursday 19 December | 7 January | 3 January | 20 December |
| Friday 20 December | 8 January | 6 January | 3 January |
| Thursday 2 January | 9 January | 7 January | 6 January |
| Friday 3 January | 9 January | 7 January | 6 January |
| Monday 6 January | 10 January | 8 January | 7 January |
In terms of requests for listing applications hearings, we are not accepting hearings for 23, 24, 27, 30, 31 December 2024 and 2 January 2025. Please note that we still intend to process changes to the Official List throughout the period (including the dates above) and you can book earlier hearing dates. In addition, Final Terms and Outstanding Conditions received on 24 and 31 December 2024 will need to be submitted by no later than 10:30am for admission the following business day. Any hearing requests for 3 January 2025 will need to be submitted via the ESS portal by no later than 10:30am on 31 December 2024.
We hope that by giving you notice of this now you will be able to plan your transactions accordingly. However, if this is likely to cause significant issues please get in touch with us as soon as possible and we will discuss a suitable approach. For live transactions please speak to your readers. For upcoming cases not yet initiated please contact Elisa Pederiva, Allocation Manager on 020 7066 8336 and for listing applications, you can call 020 7066 8352 or email [email protected].
We will prioritise cases and accept hearings on the dates above, where deadlines are outside the control of the issuer, for example:
- transactions subject to the Takeover Code
- rescue refinancing prospectuses
- situations where financial information in transaction documents risks becoming 'stale' according to the Listing[1] or Prospectus Regulation Rules[2] after 31 December
We will still have staff working on 23 and the morning of 24 December, on 27, 30 and the morning of 31 December, and from 2 January. Subject to the amended turnaround times and hearing dates in the table above we aim to provide a normal service over the holiday period (including processing changes to the Official List, sponsor enquiries, emergency lines and same-day supplement service). We encourage advisers to contact us early about any time-critical matters including approvals and admissions with the contact methods listed above.