main market 1 May 2014 17:56
Main Market companies subscribe to one of the world’s most respected sets of admission and disclosure standards, thereby demonstrating the quality of their business to investors. This helps to encourage investor confidence and maintain Europe's deepest pool of capital.
Main Market is an EU Regulated Market, companies must produce a full Prospectus to be approved by the the UK Listing Authority (UKLA) regardless of the segment they are applying for admission to.
In its role as the UKLA, the Financial Conduct Authority has a legal obligation to oversee the admission process to a Regulated Market, to assess issuers' eligibility and to ensure that its rules are met. This involves the UKLA reviewing and approving the Prospectus (or Listing Particulars). This document – which will be submitted to the UKLA by your Sponsor or Key Adviser – primarily contains information on the company and its business, and must satisfy the Prospectus Rules and the Listing Rules (as applicable).
The UKLA maintains a dialogue with your company’s advisers until the relevant eligibility requirements are met. In parallel to the UKLA’s application process, you must apply to the Exchange to have your company’s securities admitted to trading on its markets and meet the requirements of the Exchange's Admission and Disclosure Standards (and the HGS Rules, if relevant). The Exchange works to ensure your company receives the maximum benefit from being traded on its markets.
Could be the best thing no one imagined, maybe we are likely to be bigger than we thought!