1964_SECURITIES_(STOCK_EXCHANGE_LISTING)_RULES — Page 4

C4

CAP. 333]

Securities (Stock Exchange Listing) Rules

[1989 Ed.

[Subsidiary]

4.

(f) specify the purpose for which the proceeds (if any) of the issue or sale of the securities to which the application relates, or the portion thereof to be received by the applicant, are intended to be used by the applicant; and

(g) specify the qualifications of any person whose opinion as an expert is referred to in any document included in the application.

Copy of application to be served on Commission, etc.

(1) A copy of every application shall be served on the Commission; and the Exchange Company shall not list the securities to which the application relates unless-

(a) the period specified in subrule (3) has expired and the Commission has not, within that period, notified the Exchange Company and the applicant that, in accordance with its powers under subrule (4), the Commission objects to the listing; or

(b) the Commission has, within that period, notified the Exchange Company and the applicant that the Commission does not object to the listing.

(2) The Commission may, by notice to the applicant and the Exchange Company given within 7 working days from the date of service of the application, require the applicant to supply to the Commission such further information as may, in the opinion of the Commission, be relevant to the exercise of its functions under this rule.

(3) The period specified for the purposes of subrule (1) is 7 working days-

(a) from the date of service of the application where no notice under subrule (2) is given; and

(b) from the date when the further information is supplied, if notice under subrule (2) is given.

(4) The Commission may object to a listing if-

(a) it is of the opinion that there has been a failure to comply with rule 3 in any material respect or to supply information under subrule (2);

(b) it appears to the Commission that the application contains any matter which is false or likely to mislead any person as to any of the matters specified in rule 3;

(c) there has been a failure to comply with the Securities (Stock Exchange Listing) (Approved Share Registrar) Rules (Cap. 333 sub. leg.);

(d) in the case of an application to list again any securities the listing of which has been cancelled under rule 10 if, having regard to the

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