1304

Past version: Effective up to 28 Sep 2011

If an issuer is suspended under Rule 1303(3), it must:

(1) submit a proposal (or proposals) through its sponsor to the Exchange with a view to resuming trading in the issuer's securities ("resumption proposals"). If no resumption proposals are received within 12 months of the date of suspension, the Exchange may remove the issuer from the Official List; and
(2) implement the resumption proposals within 12 months. If the resumption proposals have not been implemented within 12 months of the Exchange indicating that it has no objection, the Exchange may remove the issuer from the Official List.