Enter to open, tab to navigate, enter to select
Issuer
Practical Law UK Glossary 2-200-9248 (Approx. 5 pages)
Glossary
Issuer
This term has different meanings depending on the context in which it is used:
- In the Listing Rules, any company or other legal person or undertaking, any class of whose securities has been admitted to listing or is the subject of an application for admission to listing.
- In the Disclosure Guidance and Transparency Rules (DTR):
- in DTR 1, 2 and 3, as defined in Article 3(1)(21) of the UK Market Abuse Regulation (being a legal entity governed by private or public law, which issues or proposes to issue financial instruments, the issuer being, in case of depository receipts representing financial instruments, the issuer of the financial instrument represented);
- in DTR 1A, 1B, 4, 6 and 7, a person whose securities are admitted to trading on a regulated market (in the case of depository receipts admitted to trading on a regulated market, the issuer is the issuer of the securities represented by the depositary receipt, whether or not those securities are admitted to trading on a regulated market); and
- in DTR 5, either a person whose shares are admitted to trading on a regulated market (in the case of depository receipts admitted to trading on a regulated market, the issuer is the issuer of the securities represented by the depositary receipt, whether or not those securities are admitted to trading on a regulated market) or a public company and any other body corporate incorporated in and having a principal place of business in the UK, whose shares are admitted to trading on a prescribed market (not being a regulated market).
- In the Prospectus Regulation Rules, as defined in Article 2(h) of the UK Prospectus Regulation (being a legal entity which issues or proposes to issue securities).
- In Chapter 1 (Market abuse) of the Market Conduct sourcebook, as defined in Article 3(1)(21) of the UK Market Abuse Regulation.
The glossary to the FCA Handbook sets out the full definition of this term. When considering this term in the context of financial services, refer to the FCA Handbook definition (see FCA Handbook Glossary, Issuer).