In this Policy Statement we respond to feedback arising from CP17/21[1] (PDF) and publish final rules for a new category within premium listing open to sovereign controlled companies. Issuers will be able to seek admission to the new category from 1 July 2018 when the rules establishing the new category come into force.
In July 2017, we consulted in CP17/21[1] (PDF) on proposed rules for a new category within premium listing that would be open to companies who have a controlling shareholder that is a sovereign state.
This Policy Statement responds to the feedback received and publishes the final rules.
This new category will be open to companies that have a controlling shareholder that is a sovereign state. The Policy Statement will be of interest to companies of this type considering listing in the UK, firms advising potential applicants, and firms or persons investing or dealing in UK-listed securities, or advising on, these investments.
The rules (set out in Appendix 1 of PS18/11) will come into force on 1 July 2018. Issuers will be able from that date to seek an admission, or a transfer, of securities to listing under the category. Issuers who wish to obtain a listing under the category, or their sponsor, should contact our Listing Transactions department[3].
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