A Practical Guide to the UK Listing Regime

This second edition - updated to reflect the different rules that now apply to premium and standard listed companies - covers everything from the listing process through to the continuing obligations of UK listed companies under the FSA's Listing, Prospectus, Disclosure and Transparency Rules. The second edition of this comprehensive guide: *covers the process of seeking admission of a company's shares to the Official List and to trading on the Main Market of the London Stock Exchange *advises on the preparation and publication of a Prospectus Directive compliant prospectus *provides detailed commentary and practical advice on the continuing obligations of UK listed companies under the LPDT Rules *highlights the essential role of a company's sponsor, legal advisers and reporting accountants *includes quick reference tables for the LPDT Rules, FSMA and relevant EU legislation, plus sample documentation, flowcharts, checklists and a list of abbreviations, acronyms and citations. What's new to this edition? The second edition has been updated to include: the FSA's review of the listing regime; the introduction of premium and standard listings; and the move from CESR to ESMA changes to the LR 8 sponsor regime; updated ESMA guidance on the preparation and publication of prospectuses and amendments to the Prospectus Directive; extension of the DTR 5 regime to contracts for difference; and UK implementation of each of the Company Reporting Directive, the Statutory Audit Directive and the Shareholder Rights Directive revised chapters on financial reporting and corporate governance; market announcements and shareholder communications; and further share issues and share buy-backs

Table of Contents:
Foreword by London Stock Exchange Introduction Regulatory framework Admission to the Official List Role and responsibilities of a sponsor Preparing and publishing a prospectus Control and disclosure of inside information Financial reporting and corporate governance Share dealings ad interests in voting rights Market announcements and shareholder communications Significant and related party transactions Further share issues and share buy-backs

About the Author :
Will Pearce: Partner, Corporate, Herbert Smith LLP. A Practical Guide to the UK Listing Regime, 2nd edition has been edited by corporate finance partner Will Pearce. It includes contributions from other partners and senior professional support lawyers at Herbert Smith LLP, a leading and full-service international legal practice with a 1,100-lawyer network across Europe, the Middle East and Asia.

Review :
"This Guide is a very helpful tool to anyone involved with the Main Market, providing essential practical theory with a commercial outlook, not to mention bringing together the various rule books and legislation into one place." Tracey Pierce, Head of Primary Markets, London Stock Exchange on the updated second edition