Thank you for e-mailing the Financial Conduct Authority's Information Access Team. This is an automatic acknowledgement to tell you we have received your email safely. Please do not reply to this email. We will be in touch in due course.

This communication and any attachments contain information which is confidential and may be subject to legal privilege. It is for intended recipients only. If you are not the intended recipient you must not copy, distribute, publish, rely on or otherwise use it without our consent. Some of our communications may contain confidential information which it could be a criminal offence for you to disclose or use without authority. If you have received this email in error please notify [email address] immediately and delete the email from your computer. Further information on the classification and handling of FCA information can be found on the FCA website (http://www.fca.org.uk/site-info/legal/fc...).

The FCA (or, if this email originates from the Payment Systems Regulator Limited, the FCA on behalf of the Payment Systems Regulator Limited / the Payment Systems Regulator Limited) reserves the right to monitor all email communications for compliance with legal, regulatory and professional standards.

This email is not intended to nor should it be taken to create any legal relations or contractual relationships. This email has originated from the Financial Conduct Authority (FCA), or the Payment Systems Regulator Limited.

The Financial Conduct Authority (FCA) is registered as a limited company in England and Wales No. 1920623. Registered office: 25 The North Colonnade, Canary Wharf, London E14 5HS, United Kingdom

The Payment Systems Regulator Limited is registered as a limited company in England and Wales No. 8970864. Registered office: 25 The North Colonnade, Canary Wharf, London E14 5HS, United Kingdom

Switchboard 020 7066 1000

Web Site http://www.fca.org.uk (FCA); http://www.psr.org.uk (the Payment Systems Regulator Limited)

Our Ref: FOI5406
 
Dear Mr Raymond
 
In line with our policy and guidance produced by the Ministry of Justice,
your request for information was not dealt with under the formal FoIA
regime. This is because your request was not for 'recorded information';
instead, you had asked us to provide answers or explanations to the
questions you posed. We therefore treated your email of 29th October 2017
as "routine correspondence".
 
NEX Exchange operates the NEX Exchange Growth Market in its capacity as a
UK Recognised Investment Exchange (RIE).  As an RIE, NEX Exchange is
responsible for determining whether or not an applicant for admission to
its growth market meets its admission to trading rules, and for operating
the admission process.  The FCA supervises UK RIEs in relation to their
compliance with “recognition requirements”, which among other things are
intended to ensure that markets such as the NEX growth market are operated
in a fair and orderly manner, but does not play a role in specific
admission decisions for growth markets of that kind.  We would suggest
that you contact NEX Exchange’s regulatory team if you would like to make
further enquiries in relation to any application by Angus Energy plc,
whose details can be found at the following link:
[1]http://www.nexexchange.com/contact-us.
 
Yours sincerely
 
Information Disclosure Team / Cyber and Information Resilience Dept
 
25 The North Colonnade
Canary Wharf
London
E14 5HS
 
Tel:    +44 (0)20 7066 8080
 
[2]www.fca.org.uk