Thursday November 28 2013
News Source: Global Exchanges
Focus: Other
Type: General
Country: Australia
Link: http://www.asx.com.au/documents/media/Guidance_Note_33_-_28_November_2013.pdf
ASX has issued the final version of its proposed new Guidance Note 33: Removal of entities from the official list, which deals with when and how ASX may de-list an entity, either at the request of the listed entity or at the instigation of ASX.
The new Guidance Note gives effect to a change in policy under which ASX will automatically de- list long-term suspended entities if their securities have been suspended from trading for a continuous period of three years.
ASX has also released amendments to section 4.23 of Guidance Note 8 Continuous Disclosure: Listing Rules 3.1 – 3.1B, dealing with the disclosures ASX expects an entity to make if its securities are suspended from quotation.
Click on the above link for more details.