Which types of listings do the listing rules apply to in full?

The listing rules fully apply to premium listings on the stock exchange. Premium listings are designed for companies that meet higher standards of corporate governance and transparency, which align with the expectations of investors and regulatory bodies. These listings require compliance with more stringent criteria than standard listings, including aspects like an established track record and adherence to the UK Corporate Governance Code.

The rationale behind the enhanced requirements for premium listings is to provide an additional layer of investor protection, as these companies are typically larger and more established, operating in markets where investor confidence is crucial. By ensuring that companies listed under this category adhere to these stricter regulations, the market maintains a higher level of integrity and investor trust.

In contrast, standard listings operate under different criteria and regulatory guidelines. While they still must meet minimum standards to be listed, they do not have to comply with the full extent of governance and regulatory frameworks required of premium listings. This differentiation reflects the varying levels of risk and investor expectations associated with different types of companies and their willingness to meet rigorous standards in exchange for the benefits of traiding on a more prestigious platform.