• Validity and transferability

    • MKT 2.3.8 MKT 2.3.8

      To be admitted to the Official List, an Applicant's Securities must:

      (1) be duly authorised according to the requirements of the Applicant's constitution;
      (2) have any necessary statutory or other consents;
      (3) be freely transferable; and
      (4) in the case of Shares, be fully paid and free from any liens and from any restrictions on the right of transfer.

      • Guidance

        The Regulator may, in exceptional circumstances, waive or modify Rule 2.3.8 where the Applicant has the power to disapprove the transfer of Shares, if the Regulator is satisfied that this power would not disturb the market in those Shares.