Listing requirements for collective investment schemes impose detailed documentary, governance and disclosure obligations before and after admission. Listing of units or other instruments of a Collective Investment Scheme requires submission of constitutional and scheme documents, historical offering ... Summary
Listing requirements for collective investment schemes impose detailed documentary, governance and disclosure obligations before and after admission.
Listing of units or other instruments of a Collective Investment Scheme requires submission of constitutional and scheme documents, historical offering materials, audited accounts, material contracts and holder particulars; articles must provide specified transfer and lien rules; a defined public offer component is ordinarily required subject to narrow exemptions; and the applicant must undertake detailed allotment, issuance, registration and disclosure procedures. Exchanges may suspend or withdraw dealings for non compliance after notice and opportunity to show cause, with an appeal remedy to the Securities Appellate Tribunal and regulatory powers to relax requirements.
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