ISE Continuing Obligations Requirements For Open Ended Funds Listed On The MSM

ISE CONTINUING OBLIGATIONS REQUIREMENTS–MSM

Introduction

The ISE listing requirements and various EU Directives impose a number of ongoing reporting obligations on funds listed on the Main Securities Market (the "MSM"). The obligations are imposed in order to maintain an orderly and transparent market in the shares* of listed funds, to ensure the ongoing suitability of the funds for listing, to protect shareholders' interests and to ensure that all relevant information is disseminated without delay.

Any material changes to the general character or nature of the operation of a listed fund will require an announcement, and in some cases, may also require prior ISE or shareholder approval.