Financial assistance
8.34
Will the Moneylending carried out by a listed issuer automatically fall within the ambit of paragraph 8.23(1)(ii) of the Main LR, as being those "necessary to facilitate the ordinary course of business of the listed issuer or its subsidiaries"?
No, the listed issuer must ascertain whether the Moneylending is "necessary to facilitate the ordinary course of business of the listed issuer or its subsidiaries" in accordance with Practice Note 11.