MKT 6.2.13 Appointment of Stabilisation Manager and Stabilisation Agents
(2) An Issuer/Reporting Entity must notify the FSRA immediately if the appointment of the Stabilisation Manager is to be terminated, or on the resignation of its Stabilisation Manager, giving the reasons for the cessation of the appointment.
(3) An Issuer/Reporting Entity must appoint a Stabilisation Manager to fill any vacancy in relation to the occurrence of an event specified in (2) and ensure that the replacement Stabilisation Manager can serve as such at the time the vacancy arises or as soon as reasonably practicable.
(4) Where a Stabilisation Manager appointed by an Issuer/Reporting Entity is not suitable in the opinion of the FSRA, or where a Stabilisation Manager has not been appointed, the FSRA may direct the Issuer/Reporting Entity to replace or appoint a Stabilisation Manager in accordance with the requirements in MKT 6.2.