Investment trust unit listing requires timely exchange admission, compliant trading arrangements, and a holding period for pre-offer non-sponsor holders. Investment Trust units must be listed on a recognised stock exchange unless privately placed and neither listed nor proposed to be listed. Initial public ... Summary
Investment trust unit listing requires timely exchange admission, compliant trading arrangements, and a holding period for pre-offer non-sponsor holders.
Investment Trust units must be listed on a recognised stock exchange unless privately placed and neither listed nor proposed to be listed. Initial public offer units require listing within 12 working days after closure, and privately placed units within 30 working days after allotment, subject to the minimum subscription exception. Listing, trading, clearing and settlement must comply with exchange agreements and applicable requirements. Pre-offer unit holders other than sponsors must observe a six-month holding period from listing. Unlisted Investment Trusts may list by meeting requirements for privately placed and listed Investment Trusts.
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