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The Financial Services Authority is the competent authority responsible for the listing of companies for trading on UK stock exchanges. When acting in this role it is called the UK Listing Authority.

Its main role is to maintain the Official List. This is simply a list of all securities it has approved for trading on exchanges in the UK. It also maintains a list of the issuers of those securities.

The UKLA also sets the requirements for listing and the rules for procedures and documents related to listing, such as Initial Public Offering (IPO) prospectuses.

The reason for referring to the FSA as the UKLA in this context is that, in theory, the role could be passed (or delegated) to another body which would then become the UKLA.

The key information published by the UKLA can be found on the UKLA website.

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Category: Guide to City Jargon

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  1. City Code on Takeovers and Mergers | Link4Business - April 29, 2013

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