Listing requirements for collective investment schemes: prescribed disclosures, corporate undertakings, suspension remedy and re-admission procedures. The rules amend exchange disciplinary and listing procedures to permit appeal to the Securities Appellate Tribunal against withdrawal or prolonged suspension of dealings and require detailed documentation, disclosures and corporate undertakings for listing units or other instruments of a collective investment scheme, including incorporation and trust documents, historical prospectuses, audited accounts, material contracts, lists of principal holders, standardized articles provisions, public offer thresholds subject to limited relaxations, continuous disclosure obligations, and suspension, re-admission and appellate procedures, with regulatory power to relax requirements.
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Listing requirements for collective investment schemes: prescribed disclosures, corporate undertakings, suspension remedy and re-admission procedures.
The rules amend exchange disciplinary and listing procedures to permit appeal to the Securities Appellate Tribunal against withdrawal or prolonged suspension of dealings and require detailed documentation, disclosures and corporate undertakings for listing units or other instruments of a collective investment scheme, including incorporation and trust documents, historical prospectuses, audited accounts, material contracts, lists of principal holders, standardized articles provisions, public offer thresholds subject to limited relaxations, continuous disclosure obligations, and suspension, re-admission and appellate procedures, with regulatory power to relax requirements.
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