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Sponsor service meaning

What does Sponsor service mean?
Sponsor service describes the work an FCA-approved sponsor does for a listed company or applicant in connection with matters in Listing Rule (LR) 8.2, together with the sponsor’s related dealings with the FCA. In the UK, the term is defined in the FCA Handbook (Listing Rules) rather than case law. It covers services the sponsor is appointed, requested, or proposes to provide, including preparatory work carried out before deciding whether to accept a sponsor appointment for a company, an applicant or a particular transaction, and it includes all communications with the FCA relating to that work. In practice, this definition marks the scope of regulated sponsor activity under LR 8, informing the sponsor’s duties of skill, care and diligence, independence and record-keeping, and when a premium listed company must engage a sponsor for LR 8.2 matters (for example, certain applications and transactions under the Listing Rules). Usage is consistent across England & Wales, Scotland and Northern Ireland under the FCA regime. In Ireland, an analogous sponsor role exists under the Euronext Dublin Listing Rules for the Main Securities Market; the functions are similar, though terminology and specific rule references differ.
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NEWS
UK immigration round-up: IHS increase, ISL review, Rwanda Bill guidance, right to work/rent penalties, offshore concession, student migration, and key case law—25 January 2024

In this issue Key developments UK immigration control: how it works Sponsored work Work sponsorship: sponsors Students EU law rights and EU settlement Challenging immigration decisions and enforcement Preventing illegal working Daily and weekly news alerts New and updated content New Q&As Key developments Future developments—Immigration calendar Our Immigration calendar sets out key forthcoming developments for business immigration advisers. UK immigration control: how it works IHS rises to come into force from 6 February 2024 The Immigration (Health Charge) (Amendment) Order 2024, SI 2024/55, was made on 16 January 2024. Under article 1(2) of the Order, it comes into effect 21 days later, on 6 February 2024. The measure increases the Immigration Health Surcharge from £470 to £776 per annum for students, their dependants, Youth Mobility Scheme applicants and children under 18. For all other applications that must pay the Health Charge, the annual IHS rises from £624 to...

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NEWS
UK immigration update: HC 556 ends Ukraine Family Scheme, bars care worker dependants; Ukraine renewals and sponsor changes; domestic abuse concession widened; The3million and ARAP rulings; right to work enforcement

In this issue: Key developments UK immigration control: how it works Family members under Part 8 and Appendix FM Challenging immigration decisions and enforcement Preventing illegal working Daily and weekly news alerts New and updated content Key developments Future developments—Immigration calendar Please note our Immigration calendar outlines significant upcoming developments for business immigration advisers. UK immigration control: how it works Statement of Changes HC 556 stops careworkers from bringing dependants and ends Ukraine Family Scheme On 19 February 2024, the Home Office published a Statement of Changes in the Immigration Rules, HC 556, accompanied by an Explanatory Memorandum (EM). It delivers expected amendments concerning dependants of careworkers and senior careworkers within the Skilled Worker/Health and Care visa pathway, and introduces several unexpected, immediate revisions to the Ukraine Schemes, notably closing the Ukraine Family Scheme from 3 pm on 19 February, with immediate effect. See: LNB News 19/02/2024 45...

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NEWS
UK immigration update: asylum backlog cuts, eVisa support, Ukraine extension, VFS rollout, modern slavery reforms, Employment Tribunal continuation of contract order, and Supreme Court in CAO v SSHD (NI)

In this issue: Key developments UK immigration control: how it works Sponsored work Business, investment, and non-sponsored work Long residence, discretion and human rights Challenging immigration decisions and enforcement Daily and weekly news alerts New and updated content Key developments Future developments—Immigration calendar Please note, our Immigration calendar outlines key forthcoming developments relevant to business immigration advisers. UK immigration control: how it works House of Commons briefing paper sets out UK armed forces nationality and immigration requirements The House of Commons Library has issued a briefing that sets out the nationality criteria for non-British nationals seeking to enlist in the UK’s armed forces. It also explores the immigration rules for non-British service members, and for the family members of British armed forces personnel, explaining how these apply while serving and after discharge. See: LNB News 23/10/2024 21. More community organisations to help with eVisa transition A further 69 community...

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View the related Practice Notes about Sponsor service

PRACTICE NOTES
UK Skilled Worker route applications: practitioner guide to English-language, financial and genuineness requirements, switching, dependants, conditions, settlement and administrative review (2024–2026 updates)

The Skilled Worker route The Skilled Worker route allows UK employers holding a valid sponsor licence to hire, or continue to employ, skilled individuals who are neither British nor Irish nationals. It is the principal route for entry to, and residence in, the UK for employment. The Practice Note: Sponsoring a Skilled Worker reviews the eligibility requirements connected to a sponsor issuing a Certificate of Sponsorship (CoS), including the necessary skill level and salary. Once a CoS has been issued, and provided the applicant meets all other criteria, they can apply for entry clearance or permission to stay...

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PRACTICE NOTES
UK Home Office sponsor licence (Workers and Temporary Workers): reporting organisational changes, mergers/takeovers, TUPE transfers and insolvency—SMS/Change of Circumstances processes, evidence, deadlines and priority service

Sponsor organisations must notify the Home Office of a range of organisational changes. The process for submitting a report, and who is responsible for doing so, varies with the nature of the change. See Practice Note: Downgrading and revocation of Workers and Temporary Workers sponsorship licences for more on the penalties a sponsor may face for failing to meet these reporting obligations... Changes that must be notified on the Sponsorship Management System These changes should be submitted by a Level 1 user through the Sponsorship Management System (SMS), using the ‘request changes to licence details’ or ‘Manage Level 1 and 2 users’ functions. A Level 2 user cannot carry this out. With the exception of replacing an authorising officer or key contact, every listed change must be reported within 20 working days of the relevant event. The Sponsor Guidance notes that the Home Office may subsequently ask for proof of the change. Where a change is reported on the SMS and evidence is required, the request will be...

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PRACTICE NOTES
HC 877: UK Immigration Rules changes from 6 April 2016—comprehensive practitioner analysis of PBS, family, visitors, refusals, administrative review and service of notices

This review outlines the principal updates to the Immigration Rules (the Rules) contained in HC 877 that will most concern business immigration advisers. HC 877 was laid on 11 March 2016, accompanied by an Explanatory Memorandum (EM). This notice excludes amendments to Tier 2 of the Points-Based System (PBS) recommended by the Migration Advisory Committee (MAC) in its January 2016 report, as the Home Office has not yet issued a formal response to the MAC review. Revisions to the Immigration Rules for Tier 2 are expected in the summer or autumn. Be aware that two sets of corrections were placed on the opening pages of HC 877 in March 2016, before the Statement took effect. You can jump to individual subjects swiftly via the Contents bar. Implementation Unless specified otherwise, the amendments apply to applications submitted on or after 6 April 2016. Applications filed before this date will be determined under the Rules in force as at 5 April 2016. Definitions Apart from definition changes that...

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