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 by issuers and others and enforcing compliance
Reviewing and approving prospectuses and circulars published by issuers and offerors
Which requires listed issuers to comply with the Listing Rules