Procedure on receipt of listing application: authority may seek clarifications, reject for suppression, disclose filings and invite comments. Regulation 11 provides that upon receipt of an application for a letter precedent to listing the Authority may require additional information or clarifications which the applicant must supply; it may reject applications for suppression or misrepresentation or failure to update material developments; it may disclose applications to third parties and solicit comments; and after examining submissions the Authority may grant or refuse the letter precedent to listing, subject to opportunity to make representations, having regard to compliance, investor protection and other relevant factors including credibility and monitoring of use of funds.