I. General provision
1 This Directive governs the requirements that must be fulfilled by the undertaking given by a guarantor in accordance with Art. 8 Additional Rules Bonds, Art. 9 Additional Rules Derivatives or Art. 4 Additional Rules Exchange Traded Products, in order for an exemption from the requirements for issuers set out in Arts. 11 and 15 LR to be granted.
2 This Directive also applies to guarantee commitments that are not required for fulfilment of the listing conditions but have nevertheless been provided out of economic considerations.