To qualify for listing, issuers and their respective securities shall follow the applicable qualification requirements under the PDEx Listing and Enrolment rules.
Below is a summary of the basic admission requirements.
General Listing Criteria Related to IssuersListing | Enrollment | |
Legal entity | Must be any of the following:
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Standing with regulators, or other SRO/exchange | Must be in good standing with the applicable governmental authorities, self-regulatory organization or other exchange where a class of securities of the Issuer may be listed |
Listing |
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Terms of the security | Technologically capable of being traded on the PDEx Trading Platform | |
Form of security |
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Day Count Standards | Must follow any of the following day count conventions:
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Due diligence requirement | Must have been performed in accordance with applicable regulatory standards by appointed Underwriter/Arranger/Issue Manager | |
Registry | Must have a licensed Registry | |
Facility Agent/Trustee | Must have a Facility Agent (or Trustee, if required under the terms and conditions of the issue) | |
Transferability |
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SEC Registration | Must be SEC-registered under SRC Sec. 8 or exempt securities under SRC Sec. 9 | Must be exempt from SEC registration according to SRC Sec. 9 or SRC Sec. 10 |
Credit Rating |
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Liquidity Providers |
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