Primary Market Bulletin No.4: Update On UKLA Knowledge Database

As reported in the third edition of Market reCap, the UK Listing Authority ("UKLA") has decided to address the problem of the diversity of sources of guidance on the Listing Rules, Prospectus Rules and Disclosure and Transparency Rules by launching the UKLA Knowledge Base. The UKLA announced in December 2012 its decision to proceed with the UKLA Knowledge Base, which is now available on its website at http://www.fsa.gov.uk/doing/ukla/knowledge-base.

Structure of the UKLA Knowledge Base

The UKLA Knowledge Base is the single repository of the guidance available from the UKLA with regard to the Listing Rules, Prospectus Rules and Disclosure and Transparency Rules.

It comprises 80 guidance notes, which are divided into two series: Procedural Notes and Technical Notes. The Knowledge Base also contains links to rule books, forms and checklists. To assist navigation, the notes are grouped thematically in 14 categories. The UKLA hopes to introduce a search capability in