Future version: Effective from 04 Jan 2027
The Exchange determines an applicant’s compliance with listing requirements. An applicant may consult the Exchange to resolve specific issues prior to the submission of an application. Unless the Exchange prescribes otherwise, the following sets out the usual main steps for satisfying the Exchange that listing requirements have been complied with for investment funds:—
(1) The applicant submits one copy of the listing application prepared in compliance with Rule 407, together with the supporting documents prescribed in Rule 409;
(2) The Exchange considers the application and may grant approval in-principle (with or without conditions);
(3) Where a prospectus or offering memorandum is required to be lodged, the applicant lodges the document with the relevant authority (or its assistant if relevant). Where a prospectus, offering memorandum or introductory document is not required to be lodged but is required to be issued, the applicant submits a final copy to the Exchange. The document that is lodged or submitted should not be materially different from the document on which the eligibility-to-list letter was issued, and the applicant must submit a written confirmation to the Exchange to this effect. If there are material differences, the Exchange may withdraw the eligibility-to-list letter;
(4) The investment fund invites subscription for its securities;
(5) The investment fund issues securities pursuant to the allotment; and
(6) The investment fund is admitted to the Official List on satisfaction of all the conditions.
Amended on 4 January 2027.