FTSE Ground Rule Changes – New Issues (AIM transfers to Main Market)
In order to allow companies transferring from AIM to a full Primary UK (Main Market) listing to be included in the FTSE UK index series in a timely manner while reflecting previous trading records on AIM and subsequent trading records on the Main Market, the FTSE Policy Group has approved the following rule change….
Previous Rule
New issues, including demutualisations, which do not qualify as early entrants as defined under Rule 7.3.1 will become eligible for inclusion at the next quarterly review of constituents providing they have, since the commencement of Official non-conditional trading, a minimum trading record of at least 20 trading days prior to the date of the review and turnover as defined under Rule 4.10c.
For the purpose of this rule, a company transferring from AIM to a full UK (Main Market) listing within 20 days of the review will not be considered as a new issue but will be subject to normal eligibility rules and a minimum trading record (as above) based on turnover previously carried out on AIM.
The inclusion of early entries as defined under Rule 7.3.1, excluding demutualisations, will not require a minimum trading record.
New Rule
New issues, including demutualisations, which do not qualify as early entrants as defined under Rule 7.3.1 will become eligible for inclusion at the next quarterly review of constituents providing they have, since the commencement of Official non-conditional trading, a minimum trading record of at least 20 trading days prior to the date of the review and turnover as defined under Rule 4.10c.
For the purpose of this rule, an eligible company transferring from AIM to a full Primary UK (Main Market) listing will be considered as a new issue and will be subject to normal eligibility rules and a minimum trading record based on turnover previously undertaken on AIM and the Main Market. If a company fails on this basis it will be reconsidered at the subsequent quarterly review including turnover undertaken on the Main Market only.
The inclusion of early entries as defined under Rule 7.3.1, excluding demutualisations, will not require a minimum trading record
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