37.06

If an issuer is a body corporate or trust it must have produced audited accounts for the two years before the listing application made up to a date at most 15 months before the intended date of the listing document unless:
 
(a)    it is a Supranational; or
 
(b)    it is a State corporation; or
 
(c)    its shares are listed on the Exchange; or
 
(d)    it is a special purpose vehicle formed for listing asset backed securities; or
 
(e)    it has recourse to the assets of a real estate investment trust which units are listed on the Exchange in respect of the obligations under the debt securities.
 
If an issuer has recourse to the assets of a real estate investment trust in respect of the obligations under the debt securities, its fulfilment of the eligibility criterion above may be assessed by reference to the audited accounts of the real estate investment trust.