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- The
Issuer of financial instruments is the owner of
the instrument listed on LFX.
- Listing
applications by Issuers must be made through Licenced
Listing Sponsors.
- The
Issuer will communicate and deal with its appointed
Listing Sponsor in getting its instruments listed
on LFX.
- The
process for a listing application can be initiated
via the @LFX System which is accessible through
the LFX's web-site. However, all original copies
of the documents must be sent to the LFX office.
- The
Listing Committee is the approving authority for
all listing applications subject to LFX's listing
criteria as per its Rules and Regulations.
- As
LFX is flexible in the type of financial instruments
that can be listed, various quantitative and qualitative
criteria will need to be met before the Listing
Committee approves an application. The criteria
is contained in the Listing Criteria and Requirements
leaflet.
- Financial
instruments to be listed with LFX may include
but is not limited to equities, investment fund,
debt instruments and insurance related instruments.
- These
instruments can be based on conventional or Islamic
principles.
- Financial
instruments regardless of its nature maybe multi-currency
denominated.
- For
instruments based on Islamic principles, the Issuer
will have to obtain the necessary endorsement
that it complies with Syariah principles from
the appropriate Syariah Council of its country
of origin or from an internationally accepted
Syariah Council.
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