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Primary markets

Looking for UKLA?

Since early 2017, we have been phasing out the term UK Listing Authority (UKLA) to refer to the FCA’s primary market functions. We found stakeholders were confused by it and sometimes believed it might refer to a separate body. Historic documents may still use the term UKLA.

The FCA is the UK’s securities regulator

The UK is a global centre for the issuance of securities, tradable financial instruments like shares and bonds. The primary market is where these are first issued and sold, before being traded on the secondary market. We make primary markets work well by:

  • Monitoring market disclosures

Monitoring market disclosures by issuers and others and enforcing compliance

  • Reviewing and approving prospectuses

Reviewing and approving prospectuses and circulars published by issuers and offerors

  • Operating the UK listing regime

Which requires listed issuers to comply with the Listing Rules

Primary Markets Effectiveness Review consultation – closes 14 September

Respond to the consultation

Recent enforcement outcomes

See where we took action when issuers and other market participants didn't comply with the UK disclosure regime

Temporary reliefs for companies reporting published financial information

Listed companies have longer to publish financial reports, file their accounts and hold their AGMs

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National Storage Mechanism (NSM)

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The NSM is our official mechanism for storing regulated information.
Access the NSM

The Official List

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The UK has issuers in every industry sector from all over the world.
View the Official List

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