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Jurisdiction(s):
United Kingdom
Related legal acts
Key definition
Premium Listing definition

What does Premium Listing mean? In practice, this describes admission of a commercial company’s equity shares to the London Stock Exchange Main Market under the FCA’s higher-standard regime historically called a premium listing. Such issuers must meet enhanced eligibility and continuing obligations, formerly set out in LR 6 and other Listing Rules, including sponsor oversight, minimum free float, a three-year track record and control of business, compliance with the UK Corporate Governance Code on a comply-or-explain basis, and shareholder approval and disclosure for significant and related-party transactions. It does not cover equity shares of closed-ended investment funds or open-ended investment companies, which are...

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Archived: UK FCA Listing and Premium Listing Principles (pre‑29 July 2024)—application, interpretation, obligations and enforcement with case studies

Practice notes
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ARCHIVED: This Practice Note has been archived and is not maintained.

On 29 July 2024, a major overhaul of the UK listing framework took effect, abolishing the premium and standard segments and introducing a single category for equity shares of commercial companies, alongside additional categories defined by company and security type. To give effect to these reforms, a new UK Listing Rules sourcebook came into force to implement the changes, and the previous Listing Rules sourcebook was revoked. For more detail, see Practice Note: Reform of the UK listing regime—fundamentals. This Practice Note describes the regime as it stood before 29 July 2024 and has been retained for reference purposes. The Listing Principles (Listing Principles) and the Premium Listing Principles (Premium Listing Principles) (together, the Principles) are set out in Chapter 7 of the Listing Rules (LR) published by the Financial Conduct Authority (FCA). The Principles overarch the LR, the Disclosure Guidance and Transparency Rules (DTR), together with the corporate governance rules, and, as with other provisions of the LR, are enforceable by the FCA...

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Web page updated on 21/05/2026

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