Financial Markets Act (Cap. 345), article 15

15. (1) An application for the approval of a prospectus and, or the admissibility to listing of securities on a local regula ted market shall be made to the competent authority in such a manner as ma y be required by Capital Markets Rules. (2) The competent authority shall not approve a prospectus or the admissibility to listing of securities on a local regulated market unless it is satisfied that: (a) the requirements of any applicable provision of the Prospectus Regulation , this Act or any regulations or Capital Markets Rules issued thereunder; and (b) any other requirements imposed by the competent authority, are complied with. (3) An application for the approval of a prospectus and, or the admissibility to listing of sec urities on a local regulated mar ket shall be refused if the competent aut hority considers that granting i t would be detrimental to the public interest. Approval of prospectus. Added by: XLVI.2021.21.