The FCA has created a new category for sovereign controlled companies who will be eligible for premium listing if they comply with the requirements applicable to premium listed issuers, with some key exceptions.

Further to the Financial Conduct Authority’s (FCA’s) consultation process in July 2017 (see Latham’s Client Alert here), the regulator has published final rules for a new category within the premium listing segment for sovereign controlled companies. With effect from 1 July, 2018, issuers who have a sovereign state as their controlling shareholder will be able to seek admission to the premium listing segment of the Official List of the FCA under the new category of “premium listing (sovereign controlled commercial company)”.