Comfort Letter For Listing Rules 8.3 And 8.4 (Issuer to Sponsor)
Publisher one
Genie AIJurisdiction
England and WalesCost
Free to useRelevant sectors
Type of legal document
🔖 Listing rule comfort letterBusiness activity
Comfort letter for sponsorA listing rule comfort letter is a letter that is provided by a company to the stock exchange on which it is listed, in order to assure the exchange that the company is in compliance with all listing rules. The letter is usually written by the company's lawyers and states that the company has reviewed all of its practices and procedures and is in compliance with all listing rules.
The UK Listing Rules serve as regulatory guidelines for companies listed on the UK stock market. Rules 8.3 and 8.4 pertain to specific requirements that need to be fulfilled during certain transactions involving the shares of the listed company. The comfort letter, in this case, serves as a legal assurance document provided by the issuer to the sponsor (often an investment bank or financial institution assisting in the transaction), confirming compliance with these rules during the process.
The comfort letter assures the sponsor that the issuer is adhering to the requirements outlined in the relevant Listing Rules sections. It may include various representations and warranties, disclosures, and confirmations from the issuer, ensuring that all relevant information is made available to the sponsor and that no material omissions or misrepresentations are present.
Typically, this template outlines the specific content and format of the comfort letter, as well as the necessary legal language and provisions required under UK law. It may also provide guidance on the procedures to be followed by the issuer during the drafting and issuance of the letter.
It is important to note that this is a general description of the legal template, and its specific content and purpose may vary depending on the circumstances of the transaction and the particular requirements of the Listing Rules.
How it works
Try using Genie's Free AI Legal Assistant
Generate quality, formatted contracts with AI
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Let our Legal AI make edits for you
Ask Genie to edit your document in the same way you’d ask a paralegal. Genie makes track changes, and explains its thinking just like a junior lawyer would.
AI review
Can’t find the right template? Create the bespoke agreement in minutes by conversing with our AI and tailoring to your needs
Book your personalised demo now
Similar legal templates
Site Manager Contract
This Site Manager contract template is designed for a commercial site management organisation (or an individual site manager) to use when contracting out their skills and services in exchange for payment. This contract sets out the type of site management and site-management-related services to be completed by the site manager on behalf of the client, with consideration for expectations around quality and delivery timescales, as well as any mitigating circumstances. This contract allows for payment to be made by the client to the site management firm or individual site manager on a weekly or monthly basis but can easily be edited to account for other payment schedules and could be altered to include bonuses conditional on performance. It can also be fully customised with the details of the two parties and the duration of the contract and can be printed, downloaded and edited freely as part of our mission to open source business legals. This is a template for contractors who fit outside of the UK's off-payroll working rules (IR35).
Publisher
Genie AIJurisdiction
England and WalesStandard Application Notice to Court (Company Administration)
Company administration is a legal process that involves appointing an insolvency practitioner to take control of a financially troubled company's affairs. By submitting this Standard Application Notice to Court, the company seeks to gain court approval to enter administration, which is aimed at protecting the interests of the company's creditors and stakeholders while exploring options for possible recovery or restructuring.
The template typically includes crucial details such as the name and address of the company, a summary of the company's financial position, the reasons for seeking administration, and the proposed administrator's information. It may also outline any potential adverse effects that could arise from delaying or denying the administration request, emphasizing the urgency of court intervention.
This legal document plays a vital role in initiating the company administration process within the confines of UK law. It ensures that all necessary information is provided to the court, helping to establish a transparent and fair process for all parties involved.
