Print Icon Printer Friendly View PDF image View as PDF Email Image Email Link to this page Useful Docs Related Documents
The Full Handbook
Full Handbook / LR / 3 / 5

Click here to view amending instruments for this sectionLR 3.5 Block listing2

Application

LR 3.5.1 Rule06/08/2007
This section applies to an applicant that wishes to apply for admission of securities using2a block listing.222

When a block listing 2can be used

LR 3.5.2 Guidance06/08/2007
2222If the process of applying for admission of securities is likely to be very onerous due to the frequent or irregular nature of allotments and if no prospectus or listing particulars are required for the securities, an applicant may apply for a block listing of a specified number of the securities.
LR 3.5.3 Guidance06/08/2007
The grant of a block listing constitutes admission to listing for the securities that are the subject of the block.2 Separately, the provisions of PR 1.2.2 R will need to be considered by the applicant when the securities that are the subject of the block listing are being issued.
LR 3.5.4 Rule06/08/2007
2An applicant applying for admission to listing by way of a block listing must submit in final form, at least two business days before the FSA is to consider the application, a completed Application for Admission of Securities to the Official List. An application in respect of multiple schemes must identify the schemes but need not set out separate block listing amounts for each scheme.222
Note: The Application for Admission of Securities to the Official List form can be found on the UKLA section of the FSA website.
LR 3.5.5 Rule01/07/2005

(1) An applicant applying for admission to listing by way of a block listing must notify an RIS of the number and type of securities that are the subject of the block listing application and the circumstances of their issue.

(2) The notification in paragraph (1) must be made by 9 a.m. on the day the FSA is to consider the application.

LR 3.5.6 Rule06/08/2007
Every six months the applicant must notify a RIS of the details of the number of securities covered by the block listing which have been allotted in the previous six months, using the Block Listing Six Monthly Return.2
Note: A copy of the Block Listing Six Monthly Return can be found on the UKLA section of the FSA website.
LR 3.5.7 Guidance06/08/2007
An issuer that wishes to synchronise block listing six monthly returns for a number of block listing facilities may do so by providing the return required by LR 3.5.6 R earlier than required to move the timing of returns onto a different six monthly cycle. An issuer with multiple block listing facilities should ensure that allotments under each facility are separately stated.
2
2