An article from Hogan Lovells is concerned with guidance issued by the Stock Exchange in a letter of 22nd March which provides additional clarity on the types of activities by listing applicants in jurisdictions, or with persons or entities, which are subject to economic or trade sanctions that may be a concern to the Stock Exchange as it evaluates a listing applicant’s suitability for listing. The article focuses on changes and clarifications to that decision found in the letter. The letter deals with situations where the applicant has engaged in primary sanctioned activity or in “secondary” sanctioned activity (i.e. such as if subject to restrictions under US secondary sanctions like those imposed in respect of Russia); and the applicant is itself a target of sanctions, located, incorporated, organized or resident in a country that is subject to sanctions, or is a “Sanctioned Trader”.
The letter itself is available at –