Amendments to the Stock Exchange's Listing Rules which have been effective from 18th July 1994:
(i) Make it clear that a person will be deemed to be responsible for the contents of Listing Particulars if such Listing Particulars identify that person as a prospective director of an issuer;
(ii) Impose an obligation on experts to take responsibility in Listing Particulars for reports and statements made by them as experts and which are included in Listing Particulars;
(iii) Amend the procedural rules in relation to circulars and their contents;
(iv) Update the Model Code to reflect changes in the law on Insider Dealing in the United Kingdom;
(v) Effect changes to facilitate the listing on the Stock Exchange of companies already listed in an EU Member State and of companies listed on the USM provided certain conditions are met.
The USM Rules have also been amended to incorporate the above changes. Other amendments to the Listing Rules introduce rules for the listing of global depository receipts and amend provisions in relation to repurchase transaction in gilt-edge securities and repurchase transactions by money-brokers in Eurobonds.
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