IPSX Members are firms who play an active role in the Exchange and have met the membership eligibility criteria under the IPSX Rules for Members. These rules also set out the continuing obligation for Members.
It is possible for a Member to perform a number of roles within the Exchange provided that they meet certain conditions as set out in the IPSX Rules for Members.
IPSX Lead Adviser
An issuer must appoint an IPSX Lead Adviser in relation to any application for admission of securities and in certain other circumstances.
The IPSX Lead Adviser will be acting on behalf of the issuer to liaise between the issuer, the Exchange and the UK Listing Authority.
The primary responsibility of the Lead Adviser is to lodge the formal application with the Market Regulation team at the Exchange. Added to this, if the issuer is seeking a premium listing on the Official List, the issuer must appoint a Sponsor. Sponsors are experts on the FCA listing regime and advise, guide and educate their client companies on their obligations under the Listing Rules, Prospectus Rules, Disclosure Guidance and Transparency Rules and the Market Abuse Regime.
You can check if your Lead Adviser is on the FCA approved list of Sponsors here.
Becoming an IPSX Lead Adviser
An applicant seeking approval as an IPSX Lead Adviser must submit a completed application form and any supporting documentation to the Exchange and pay the appropriate application fee.Download the membership form for IPSX Lead Advisers
IPSX Approved Valuer
All issuers will be required to appoint and retain an IPSX Approved Valuer on admission and on a continuous basis thereafter. The IPSX Approved Valuer will produce a RICS Red Book valuation for inclusion in the prospectus and will then produce a RICS Red Book valuation report every six months.
Becoming an IPSX Approved Valuer
An applicant seeking approval as an IPSX Approved Valuer must submit a completed application form and any supporting documentation to the Exchange and pay the appropriate application fee.Download the membership form for IPSX Approved Valuers
IPSX Trading Members
To become an IPSX Trading Member a firm must either be a broker and / or a market maker. A Market Maker is an IPSX Member who is registered with the Exchange to provide two-way prices during the trading day in at least one security.
A Broker is an IPSX member who is able to execute trades on their own behalf or on behalf of a client.
Becoming an IPSX Trading Member
An applicant seeking approval as an IPSX Trading Member must submit a completed application form and any supporting documentation to the Exchange and pay the appropriate application fee.
For more information please contact Alan Ramsay firstname.lastname@example.org