United Kingdom Listing Authority or UKLA meaning

In UK capital markets practice, “United Kingdom Listing authority” or “UKLA” is a legacy term for the Financial Conduct Authority (fca) when it performs the statutory role of the listing authority. Under Part 6 of the Financial Services and Markets Act 2000, the FCA is the competent authority and maintains the Official List of securities. In this capacity, the FCA sets and enforces the Listing Rules, Prospectus Regulation Rules (PRR) and Disclosure Guidance and Transparency Rules (DTR); approves prospectuses; oversees the sponsor regime; and decides applications for admission to listing and compliance with continuing obligations. The FCA no longer uses the “UKLA” branding, but the expression appears in older documentation and market practice and should be read as meaning the FCA acting under Part 6 fsma 2000. Admission to the Official List is distinct from admission to trading on a regulated market such as the Main Market of the London Stock Exchange. Usage is consistent across England and Wales, Scotland and Northern Ireland. The term is not used in Ireland, where the Central Bank of Ireland approves prospectuses and Euronext Dublin handles listing.