Past version: effective up to 07/12/2022
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An issuer or group (other than an investment company in which case the conditions set out in Chapter 21 apply) whose assets consist wholly or substantially of cash or short-dated securities will not normally be regarded as suitable for listing, except where the issuer or group is solely or mainly engaged in the securities brokerage business. "Short-dated securities" means securities such as bonds, bills or notes which have less than one year to maturity.
Note: See Practice Note 3