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of <h1>Authority Sets Conditions for Listing Approval; Non-Compliance Risks Invalidity and Withdrawal for Investor Protection</h1> The Authority may impose conditions when granting a letter precedent to listing, specifying the required disclosures in offer documents and advertisements. Non-compliance with these conditions can invalidate the letter unless waived by the Authority. The letter will specify the exchanges where listing applications can be made. The Authority can introduce new conditions based on market developments or guidelines, requiring compliance within a specified timeframe. The validity of the letter is generally 90 days, extendable upon request. The Authority can withdraw the letter if there are material changes, misrepresentations, or if it's in the investors' interest, ensuring due process is followed.
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