Past version: effective up to 30/09/2020
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In respect of all issuers whose securities were admitted to listing on or before 31 March, 2004, the following transitional provisions apply:—

(1) the issuer must have at least one independent non-executive director who has appropriate professional qualifications or accounting or related financial management expertise by 30 September, 2004; and
(2) the issuer must have at least 3 independent non-executive directors by 30 September, 2004.