The International Stock Exchange Authority Limited (TISEA) has removed its requirement for directors of debt issuers to submit declarations for non-retail listings, with immediate effect.
The change – effected by way of an amendment to the Listing Rules – means that directors of debt issuers will no longer have to submit directors' declarations to TISEA when submitting applications for listings, or when they are appointed to the listed issuers' board.
The amendment to the Listing Rules has been made to streamline the process of making an application for listing, and to reduce ongoing continuing obligations.
Directors will still have to submit declarations to TISEA in respect of equity listings and listings of retail debt securities.
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