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2B.05

(1)
(a) Where the Listing Division rejects an application for listing by a new applicant, the new applicant has the right to have the decision referred to the Listing Committee for a review.
(b) Where the Listing Committee rejects an application for listing by the new applicant or endorses, modifies or varies the Listing Division’s decision to reject an application, the new applicant has the right to have the decision referred to the Listing Review Committee for a further and final review.
(c) Subject to rule 2B.16, the decision of the Listing Review Committee on the review is conclusive and binding on the new applicant.
Note: A rejection decision under rule 2B.05(1) does not include a Return Decision.
(2)
(a) A new applicant and/or its sponsor have the right to have a Return Decision reviewed by the Listing Committee.
(b) Where the Listing Committee endorses the Return Decision, the new applicant and/or the sponsor have the right to have the Return Decision referred to the Listing Review Committee for a further and final review. Subject to rule 2B.16, the decision of the Listing Review Committee on the review is conclusive and binding on the new applicant and the sponsor.