Where listing is sought for structured products which are guaranteed:-

(1) the guarantor must not be a private company within the meaning of section 11 of the Companies Ordinance or equivalent legislation of the jurisdiction in which it is incorporated or established;
(2) the guarantor will normally be required to be the ultimate holding company of the group to which the issuer belongs;
(3) the guarantor will be required to comply with the Exchange Listing Rules to the same extent as if it were the issuer of the structured products ; and
(4) the guarantor will be required to sign a Listing Agreement in a form prescribed and provided by the Exchange before the launch of any guaranteed structured product to be listed on the Exchange.