Stock Exch Notice

N07/21 - Changes to market maker spreads (UKCP)

RNS Number : 0988Q
London Stock Exchange Notice
23 February 2021
 

Market Notice

 

23 February 2021

 

N07/21 - Changes to market maker spreads for 4 UKCP trading segment securities

 

 

 1.         Stock Exchange Notice N06/20 increased the maximum spread floor for registered market makers from £0.03 to £10 for the four fixed interest securities trading on the Order Book for Retail Bonds ("ORB") in trading segment UKCP, trading sector UKC3.  These changes were made in light of market conditions at the time and took effect from Tuesday 24 March 2020.  As market conditions in these securities have now stabilised London Stock Exchange will reinstate the maximum spread floor for registered market makers in these securities to £0.03.

 

TIDM

 ISIN

DESCRIPTION

ENQ1

XS0880578728

ENQUEST PLC 7.00% 15/04/2022 PIK TOGGLE

WAS1

XS1221940510

WASPS FINANCE PLC 6.50% STG SEC BDS 13/05/22

PMO1

XS0997703250

PREMIER OIL PLC STG DEN 6.50% NTS 31/05/21

ERO1

XS1112834608

EROS INTERNATIONAL PLC 6.50% STG BDS 15/10/21

 

2.       These changes are being made in accordance with Rule 4102 of the Rules of the London Stock Exchange and will take effect from market open on Wednesday 24 February 2021. 

 

3.       Any queries on this Notice should be addressed to Market Supervision, UK Regulation, telephone +44 (0)20 7797 3666 (STX 33666) option 2. 

 

 

Liam Smith

Head of Market Supervision

 

This Stock Exchange Notice will be available on the website at:

https://www.londonstockexchange.com/resources/london-stock-exchange-notices .

 

 

Calls to London Stock Exchange plc may be recorded to enable London Stock Exchange to carry out its regulatory responsibilities

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