The impact of the Financial Services Act 2012 on functions relating to listing [Archived]


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Corporate expert
Practice notes

The impact of the Financial Services Act 2012 on functions relating to listing [Archived]


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Corporate expert

Practice notes
imgtext

ARCHIVED: This Practice Note has been archived and is not maintained.

The Financial Services Act 2012 (FSA 2012) provided a new framework for financial regulation in the UK from 1 April 2013 and replaced the financial services authority with the financial conduct authority (FCA) and the Prudential Regulation authority (PRA). The FCA was established as an independent conduct of business regulator with a strategic objective of ensuring that the relevant markets function well and operational objectives focused on market integrity, consumer protection and effective competition. The FCA was, amongst other things, charged with exercising functions under Part VI of FSMA 2000 as the UK listing authority.

This Practice Note looks at the impact the FSA 2012 had on functions relating to listing under the FSMA 2000, Pt 6 rules. It states the law as at 1 April 2013. Links are provided to sources, texts and relevant content..

What provisions of the FSA 2012 are relevant to this issue?

  1. •

    FSA 2012, s 6 inserts a new Part 1A (The Regulators)

Powered by Lexis+®
Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
Listing definition
What does Listing mean?

The FSA has taken responsibility for the listing of companies to the ‘official list’. Inclusion in this list represents an endorsement from the FSA that the company has met minimum standards.

Read more readmore

Popular documents

What is the difference between an appeal and a review?

What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal

If a beneficiary signs a deed of disclaimer of their share of an estate and the estate pays their legal fees, will that count as a PET against their estate?A disclaimer is the refusal of a gift prior to acceptance. The refusal of the gift must take place before the beneficiary accepts any benefit

Strike out—making an application to strike out a statement of case

Strike out—making an application to strike out a statement of caseA strike out order can be made either following an application by the parties or on the court's own initiative. This Practice Note deals with the scenario of the order being made following a party's application.Making an application

Can shares in a limited company that have not been paid-up at all be cancelled?

Can shares in a limited company that have not been paid-up at all be cancelled?A limited company having a share capital may not alter that share capital, except in the ways listed in section 617 of the Companies Act 2006 (CA 2006). Shares in a company cannot simply be cancelled without following an