Admission to Trading Only


Admission to Trading Only refers to securities which are not listed in London or passported on to the Exchange’s regulated markets - the Main Market and the Specialist Fund Market. The issuers of these securities are required to:

  • complete and sign the Form 1
  • commit to comply with the London Stock Exchange's Admission and Disclosure Standards

  • if appropriate, comply with the standards of any other exchange where these securities are listed

  • have the security listed on an exchange which is a full member of the World Federation of Exchanges and comply with its standards

  • in more complex cases, the admission documents will be reviewed by the London Stock Exchange’s Admissions Committee. The Committee assesses each case against predetermined factors, designed to ensure that we maintain an orderly market

  • issuers are also required to pay admission and annual fees to the London Stock Exchange.

Derogation from these rules is possible only in exceptional circumstances under approval from the Admissions Committee.

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