111

Past version: Effective up to 28 Sep 2011

An applicant must appoint an issue manager who will act as the sponsor for the applicant's listing on the Exchange. An application for new listing must be managed by a member company of the Exchange, a bank, a merchant or investment bank, or other similar person who is acceptable to the Exchange. An issue manager must be able to give the applicant impartial and competent advice and must have the necessary experience to discharge its professional duties as an issue manager fully and professionally.