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Thursday, August 29, 2019/06:08PM /NSE
Rule Amendments:
Legend: Additions underlined,
deletions struck through
Rule 1.11: Dealing Member to Sponsor
Application for Quotations
1.11.1 Every Any application for a
the listing and quotation of securities on The Exchange must shall
be sponsored by a Dealing Member and made in accordance with the Listing Requirements
as prescribed by the Council from time to time.
1.11.2 Prior to submitting an application, each
Dealing Member shall:
(a) Obtain The Exchange's
checklist of listings requirements as applicable, and carry out a full
compliance review of the requirements; and
(b) Append its signature
to The Exchange's checklist of listings requirements, to confirm that every
requirement therein has been satisfied; and
(c) Attach the signed
checklist to the application.
1.11.3 Where The Exchange observes any breach of
the foregoing, The Exchange may issue a deficiency letter to the Dealing Member
which shall be copied to the issuer. impose all or any of the following
penalties:
(a) Issuance of a
deficiency letter to the Dealing Member which shall be copied to the Issuer;
(b) Censure of the Dealing
Member by publishing its name in The Exchange's Broker Trax.
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