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    <title>Letter Precedent to Listing</title>
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    <description>A mandatory pre listing clearance requires an applicant to obtain a letter precedent to listing from the Authority before issuing securities proposed for listing or before submitting a listing application; applicants also must obtain an in principle approval from the exchange prior to issuing any class of securities, exchanges must not consider listing applications unless accompanied by the Authority&#039;s letter precedent, and the Board with the Authority may exempt these requirements for specified securities or periods on stated conditions.</description>
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      <description>A mandatory pre listing clearance requires an applicant to obtain a letter precedent to listing from the Authority before issuing securities proposed for listing or before submitting a listing application; applicants also must obtain an in principle approval from the exchange prior to issuing any class of securities, exchanges must not consider listing applications unless accompanied by the Authority&#039;s letter precedent, and the Board with the Authority may exempt these requirements for specified securities or periods on stated conditions.</description>
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