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15A.38

(1) Derivative warrants must normally expire or mature not less than 6 months from the date of listing. Emulation Issues (as defined in rule 15A.36(2)) must normally expire or mature not less than three months from the date of listing.
(2) Equity Linked Instruments must normally expire or mature not less than 28 days from the date of listing and not more than two years from the date of listing.
(3) For other structured products the minimum period between the date of listing and the expiry or maturity date shall be as agreed by the Exchange.
(4) The requirements in relation to the minimum period between date of listing and expiry or maturity date do not apply to Further Issues (as defined in rule 15A.52).
(5) Structured products (except Equity Linked Instruments) shall expire or mature no more than five years from the date of listing.

Note: For structured products relating to the same underlying securities listed on the Exchange, the Exchange may limit the number of such products which expire or mature on any one day.