The FCA has published Policy Statement 15/7: Feedback and policy statement on CP14/21 in relation to joint sponsor proposals (PS15/7).
In PS15/7 the FCA sets out the feedback, final rules and Technical Note in response to its September 2014 consultation on joint sponsors, confirms that it is retaining the joint sponsor regime and will be making minor changes to Listing Rule 8 (LR 8) where they affect joint sponsors.
LR 8 is being amended with regard to:
- LR 8.5.3R, so that one sponsor is responsible for contact with the FCA as regards administrative arrangements;
- LR 8.3.15G, by inserting new guidance in relation to joint sponsors cooperating with each other in relation to the sponsor service; and
- LR 8.3.14R, with minor consequential changes.
Both the changes to LR 8 and the new Technical Note will come into force on 1 April 2015.