Additional Rules for the Listing of Derivatives
(Additional Rules Derivatives, ARD)

Table of contents

• I. Purpose and scope
• Art. 1: Purpose
• Art. 2: Scope
• II. Powers of the Regulatory Board and Languages
• Art. 3: Reference to the LR
• III. Listing
• A. Listing requirements
• Art. 4: Reference to the LR
• 1. Requirements for the issuer
• Art. 5: Licence obligatory
• Art. 6: Applicable law
• Art. 7: Place of jurisdiction
• Art. 8: Exemption for public-sector issuers
• Art. 9: Alternative fulfilment by the guarantor
• 2. Requirements for derivatives
• Art. 10: Quality of securities
• Art. 11: Minimum capitalisation of issue
• Art. 12: Underlying instruments
• Art. 13: Equity securities, bonds and collective investment schemes as underlying instruments
• Art. 14: Derivatives and futures as underlying instruments
• Art. 15: Indices as underlying instruments
• Art. 16: Foreign currencies, reference rates, precious metals and commodities as underlying instruments
• Art. 17: Baskets as underlying instruments
• Art. 18: Paying agents, exercise agents and corporate actions
• B. Obligations with respect to listing
• Art. 19: Reference to the LR
• Art. 20: Content of the listing prospectus
• Art. 21: Form of the listing prospectus
• Art. 22: Registration of issuance programmes
• Art. 23: Issuer declaration
• Art. 24: Supplements
• Art. 25: Abridgement of the listing prospectus/exemption from duty to produce a prospectus
• Art. 26: Incorporation by reference
• Art. 27: Listing notice
• Art. 28: Fulfilment by the guarantor
• C. Listing procedure
• Art. 29: Reference to the LR
• Art. 30: Fulfilment by the guarantor
• D. Provisional admission to trading
• Art. 31: Requirements
• Art. 32: New issuer
• Art. 33: Time limit for provisional admission
• IV. Conditions for maintaining listing
• Art. 34: Reference to the LR
• Art. 35: Fulfilment by the guarantor
• V. Exemptions
• Art. 36: Granting of exemptions
• VI. Suspension of trading, termination and delisting
• Art. 37: Reference to the LR
• Art. 38: Termination of listing
• VII. Sanctions
• Art. 39: Reference to the LR
• VIII. Appeals
• Art. 40: Reference to the LR
• IX. Fees
• Art. 41: Reference to the LR
• X. Final provisions
• Art. 42: Entry into force
• Art. 43: Transitional provisions
• Art. 44: Revision