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Listing Regime


Listing Regime

When admitting equity securities on the Main Market, companies have the choice of three routes to market – a Premium (formerly Primary) Listing, a Standard (formerly Secondary) Listing and an Admission via the High Growth Segment. The information below addresses Premium and Standard Listings, to find out more about the High Growth Segment please click here.

Premium Listing

brandmark listed premium

A Premium Listing is only available to equity shares issued by trading companies and closed and open-ended investment entities. Issuers with a Premium Listing are required to meet the UK’s super-equivalent rules which are higher than the EU minimum requirements.  A Premium Listing means the company is expected to meet the UK’s highest standards of regulation and corporate governance – and as a consequence may enjoy a lower cost of capital through greater transparency and through building investor confidence.

Standard Listing

 brandmark listed standardbrandmark listed standard DR

Standard Listings cover issuance of shares, Global Depositary Receipts (GDRs), debt and securitised derivatives that are required to comply with EU minimum requirements. A Standard Listing allows issuers to access the Main Market by meeting EU harmonised standards only rather than the UK ‘super-equivalent’ requirements.

Prior to October 2009 when the FCA introduced new rules, only companies incorporated outside the UK were eligible for a Standard Listing. Now Standard listings are open to all companies regardless of domicile.

For more information on the structure of the UK listing regime and a list of frequently asked questions, please visit the FCA’s website.

Listing segments

All issuers with securities admitted to the FCA’s Official List are assigned to a listing segment - Premium or Standard and a listing category. Please visit our statistics section to access a list of securities with details of the relevant listing segment and securities category or click here to access the FCA's Official List.

Downloads
Premium, Standard and AIM Comparison (pdffile pdf - 17 KB)

 

 

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