Criteria for admission
3.1
It is noted that the existing provisions relating to the approval from the SC for admission to the Official List have been removed under the ACE LR. Does this mean that the approval of the SC is no longer required for listing on the ACE Market?
​Yes. Except for debt securities issues, corporations seeking listing on the ACE Market will not require the SC’s approval under section 212 of the CMSA. All requirements relating to admission will be governed by the ACE LR. However, applicants are still required to submit and register their prospectus with the SC pursuant to section 232 of the CMSA.