The Board has arranged for all of its powers and functions in respect of all listing matters to be discharged by the Listing Committee and/or its delegates, subject to the review procedures set out in this Chapter and Chapter 2B. Any function which under the Listing Rules may be performed by the Exchange or any power which under the Listing Rules may be exercised by the Exchange may, therefore, be performed or exercised by the Listing Committee and/or its delegates. Accordingly, the Listing Committee and, in relation to certain powers of review, the Listing Review Committee have sole power and authority to act in relation to all listing matters to the exclusion of the Board, unless and until the Board revokes these arrangements.
The Listing Committee has arranged for most of these powers and functions to be discharged by the Listing Division and the Chief Executive of the Exchange, subject to the reservations and review procedures set out in this Chapter and Chapter 2B. In the first instance, therefore, all matters concerning the Listing Rules will be dealt with by the Listing Division. The Listing Division will also interpret, administer and enforce the Listing Rules subject to the review procedures set out in this Chapter and Chapter 2B.
In discharging their respective functions and powers the Listing Review Committee, the Listing Committee, the Listing Division and the Chief Executive of the Exchange are required to administer the Listing Rules, and otherwise to act, in the best interest of the market as a whole and in the public interest.