Public limited company (PLC) seeking listing in the Stock Exchange Market must use an Approved Sponsor registered with Financial Services Authority to handle your listing application with the UK Listing Authority namely the London Stock Exchange.
Approved Sponsor must be a person or a firm with relevant knowledge and qualifications to undertake your PLC listing representation. He or the firm must
- be an authorized person or a member of a designated professional body.
- Be competent to provide a sponsor services per the Listing Rule 8.
- Have systems and controls in place to carry out the role as a Sponsor per the Listing Rule 8.
The role of your sponsor is to ensure your PLC comply with the listing rules. They also provide guidance throughout your PLC flotation period. Your approved sponsor work closely with FCA too.
You may contact the Financial Conduct Authority for a list of sponsor if you are considering listing your public limited company at the London Stock Exchange.