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Commercial companies equity listing under the UK Listing Rules: eligibility, sponsor and controlling shareholder regimes, dual‑class structures, listing principles, and key changes from the former premium listing

Practice notes
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This Practice Note outlines the eligibility criteria a company must satisfy to seek admission in the equity shares (commercial companies) segment, as prescribed by the UK Listing Rules (UKLR) for listing. It further reviews where the relevant provisions originated in the former Listing Rules, and explains the principal changes when measured against the earlier regime that applied before 29 July 2024 in practice. Included too is an overview of historic premium listing eligibility criteria that were not retained for the commercial companies listing category going forward.

Eligibility requirements for the equity shares (commercial companies) listing category

The tables below provide a synopsis of the eligibility criteria applicable to a company seeking to list equity shares in the equity shares (commercial companies) category, together with information on the provenance of each requirement in the former Listing Rules (those in effect before 29 July 2024) back then.

Summary of eligibility requirements relating to all applicants

The table below sets out eligibility criteria that apply to every applicant seeking to have securities admitted to listing under the UKLR. There have been no material changes to these provisions from the requirements for admitting securities to listing set out in the former Listing Rules.

Eligibility

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Web page updated on 21/05/2026

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