Entire Section

  • Preliminary (20.06-20.13)

    • 20.06

      A new CIS listing applicant must appoint an agent, with sufficient experience, to discharge the following functions:

      (1) Communications with the Exchange — the agent will deal with the Exchange on all matters arising in connection with the listing application and ensure that all the applicable procedural and documentary requirements of this Chapter be complied with; and
      (2) Overall management of the listing process — the agent will ensure that the listing process is managed and conducted in a fair, timely and orderly manner. Where the new CIS listing applicant intends to conduct an initial public offer of its CIS interests or in circumstances the Exchange or the Commission may otherwise determine, the listing process includes, but is not limited to, the following activities:
      (a) processing of offer applications;
      (b) allocations of interest in the CIS;
      (c) underwriting and distribution activities;
      (d) administration of subscription lists; and
      (e) processing of subscription monies.
      Notes:
      (1) Subject to (2), the CIS Operator or its authorised representative will normally, but not necessarily, be eligible to be appointed as the listing agent.
      (2) Where the new CIS listing applicant intends to conduct an initial public offering of its CIS interests, or in other circumstances as the Exchange or the Commission may otherwise determine, we require the appointed agent to have all the necessary licences to oversee the management of the matters in rule 20.06(2)(a) to (e).

    • 20.07

      No formal application of listing under this Chapter may be made unless and until the Commission has confirmed that it has no further comments on the CIS Disclosure Document.

    • 20.08

      A new applicant must apply to the Exchange for a listing application on Form A2 in Appendix 5. The listing application form must be accompanied by a non-refundable deposit of the initial listing fee payable. The listing application form must contain a proposed timetable. If the issuer fails to submit the necessary documentation in accordance with this Chapter, the Exchange reserves the right to require an issuer to amend the timetable, and the deposit may be forfeited as a result.

    • 20.09 [Repealed]

      [Repealed 1 September 2003]

    • 20.10 [Repealed]

      [Repealed 1 September 2003]

    • 20.11 [Repealed]

      [Repealed 1 September 2003]

    • 20.12

      The listing document must not be issued until the Exchange has confirmed to the issuer that it has no further comments thereon.

    • 20.13

      In addition, an applicant for listing must supply any further documents and information which the Exchange may require in each particular case.