Regulatory information service (RIS) meaning

This checklist sets out what a company listed in the equity shares (commercial companies) category must announce to a regulatory information service (RIS) in relation to a significant transaction under UKLR 7.3 of the UK Listing Rules. Under the UKLR, a significant transaction is one where any percentage ratio reaches 25% or more. Initial disclosure requirements—UKLR 7.3.1R The following must be notified to a RIS as soon as the terms of a significant transaction are agreed: UKLR 7.3.1R (2)(a): A statement setting out why the transaction is notifiable under UKLR 7. UKLR 7.2.13G (4): If the notice concerns aggregated transactions, an explanation of the basis for aggregation, with reference to whether UKLR 7.2.11R (1)(a), (1)(b) or (1)(c) applies. UKLR 7.3.1R (2)(b): A summary of the transaction and the company’s rationale for undertaking it, including the items below. UKLR 7 Annex 2, 1.1 R (1): Full particulars of the transaction, including the name of the counterparty. UKLR 7 Annex 2, 1.1 R...

Financial services developments POATRs: FCA clarifies its position on notifications relating to admissions to trading The Financial Conduct Authority (FCA) has released a statement on notifications for admissions to trading and the recent amendments to the UK Listing Rules, setting out its stance following the launch of the new Public Offers and Admissions to Trading Regulations (POATRs) regime. From 19 January 2026, POATRs and related updates created a duty in the Prospectus Regime Manual (PRM 1.6.4R) for issuers to inform a Regulatory Information Service (RIS) of any admission to trading within 60 days of that admission. Since implementation, the FCA has been alerted to potentially duplicative obligations in UKLR 6.4.4R(4), 13.3.20R(4), 14.3.17R(4), 16.3.16R(4) and 22.2.17R(4), which have caused uncertainty for some issuers. The FCA now plans to consult shortly on deleting UKLR 6.4.4R(4) and matching provisions in other UKLR chapters. If adopted, issuers would then be subject only to the 60‑day notification rule in PRM 1.6.4R for admissions to trading. While these revisions are considered, and until it communicates...

In its latest primary market bulletin on 15 November 2024, the FCA said companies may hold calls with smaller shareholders to provide a valuable chance to engage with managers, but cautioned that this carries a risk of revealing insider information. Such details are confidential or price-sensitive. The FCA highlighted that these risks can arise where a company has not issued an announcement through a regulated information service (RIS), such as the London Stock Exchange’s regulatory news service. This covers announcements a company makes outside the regular reporting requirements set by its disclosure guidance and transparency rules, known as DTR...

This Practice Note examines the regulatory information services regime through which an issuer (whose transferable securities are admitted to trading on a UK regulated market) must make regulated information public. It focuses on the functions of the regulatory information service (RIS) and primary information provider (PIP), and outlines the principal continuing obligations, together with the approval process and supervisory framework for a PIP. What is regulated information? Regulated information covers all information that an issuer, or any other person who has sought admission of financial instruments to trading on a regulated market without the issuer’s agreement, is required to disclose under: the Disclosure Guidance and Transparency Rules (DTR); articles 17 to 19 of Assimilated Regulation (EU) 596/2014 (UK Market Abuse Regulation); the UK Listing Rules (UKLR). This includes inside information, financial results and disclosures of trading in shares. Such information must be released in a manner that enables dissemination to the widest possible public, and as close to simultaneously as...