On 8 June 2018 the UK Financial Conduct Authority announced that it is taking forward its proposals to establish a new premium listing category exclusively for sovereign-controlled commercial companies. The new rules, which aim to make the UK capital markets more accessible to companies which are directly or indirectly controlled by a nation state, will come into force on 1 July 2018. This memorandum looks at the key requirements for companies seeking to list on the new listing category.