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
Click here to book your personalised demo now.
Similar legal templates
Standard Procedures For Governance and Maintenance of Company Compliance (UK GDPR)
Publisher
Genie AIJurisdiction
England and WalesStandard Policy For Data Protection (In Depth)
This template likely provides extensive guidance and instructions on the key principles and standards surrounding data protection under UK law. It may cover various aspects, including the lawful basis for data processing, principles of fairness and transparency, data subject rights, consent requirements, data retention and destruction practices, data breach management, and the appointment of a Data Protection Officer (DPO).
The document likely elaborates on the responsibilities and obligations of the organization in processing personal data, including the establishment of data protection procedures, privacy impact assessments, and regular audits to maintain data security. It may also provide guidelines on transferring personal data outside the UK and GDPR-compliant international transfers.
Moreover, this template might touch upon the importance of staff awareness and training programs regarding data protection and the integration of privacy by design and default principles into the organization's practices. It may emphasize the need for maintaining proper records, carrying out data protection risk assessments, and conducting periodic reviews of policies to ensure compliance with the evolving regulatory landscape.
Overall, the "Standard Policy For Data Protection (In Depth) under UK law" template offers businesses operating in the UK a robust framework and comprehensive set of guidelines to establish and maintain an effective data protection policy, fostering trust among individuals, and demonstrating commitment to safeguarding personal data in accordance with legal obligations.
Publisher
Genie AIJurisdiction
England and WalesStandard Section 5A Notice (Freehold)
The purpose of this notice is to inform the tenants of their rights and offer them the opportunity to exercise their right of first refusal, providing them with the option to purchase the freehold interest on the same terms as the potential sale to a third party.
The template typically includes details of the property being sold, the names of the current owner and tenants, and the proposed terms of the sale. It outlines the process and timeline for the tenants to respond if they wish to exercise their right of first refusal, including the deadline for the acceptance of the offer.
By using this legal template, property owners can ensure compliance with the legal requirements and facilitate a transparent and fair process when selling their freehold property.