Listing eligibility for depositories requires regulatory compliance, board approval and prohibits listing on sponsor exchanges. A depository may apply to list its securities on a recognised stock exchange only if it complies with the Regulations (notably ownership and governance ... Summary
Listing eligibility for depositories requires regulatory compliance, board approval and prohibits listing on sponsor exchanges.
A depository may apply to list its securities on a recognised stock exchange only if it complies with the Regulations (notably ownership and governance requirements), has completed the required continuous operation period immediately before application, and has obtained Board approval; the Board may impose further market-protective conditions including on share transfers; a depository or its associates are barred from listing on an exchange that is a sponsor or associate of the depository.
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