CONTENTS
Powers of the Council
Definitions
Management of the Exchange
The Council
General Manager
Salaries and other Administrative Expenses
Bye-Laws, Council Notices and other Publications
Bye-Laws
Council Notices
Publications
Urgent Action
Fees, Commissions and Charges
Auditors of the Exchange
Appointment of Auditors
Audit of Accounts
Chapter 3 STOCKBROKERS, ACCREDITED REPRESENTATIVES
Stockbrokers
Membership
Qualifications to be registered as a Stockbroker
Disqualification
Outstanding Debts, Obligations or Commitments on Registration
Other Business Interests
Accredited Representatives
General
Qualifications
Other Business Interests
Stockbroker's Staff
Register of Members and Employees
Financial Intermediaries
Conduct of Business
Prohibitions
Restrictions on members' dealing
A CODE OF CONDUCT FOR MEMBERS OF THE MALTA
STOCK EXCHANGE
Section I General Principles (i)
Section II Practical Application of the Principles (iii)
Authority to sell Securities (i)
Authority to purchase Securities (ii)
General Conditions
Approval of Stockbroking Firm
Permitted Business
Misuse of the Media
Financial and Accounting Requirements
Capital Requirements
Date of Financial Year End
Members to Appoint Auditors
Accounts to be kept by Members
Members to supply List of Outstanding Transactions to the Firm's Auditor
Auditor to send report to the Council of the Exchange in certain cases
Keeping of Records
Stockbroking Firms' Clients' Accounts
Separate Clients' Accounts in respect of dealing in securities
Misleading Reports
Submission of Returns and Annual Accounts
Monitoring of Financial and Accounting Requirements
Exchange right to demand Documents
Power of Exchange to make surprise checks
Power and Obligation of the person authorised by the Exchange to make surprise checks
Chapter 5 TRADING, SETTLEMENT AND CENTRAL
SECURITIES DEPOSITORY
Definitions
General Conditions
Trading Sessions
Trading Restricted to Trading Sessions
Access to Trading Floor
Instructions from Clients
Order Log Book
Ownership of Securities
Functions of the Stockbroker
Disputes and Irregular Deals
Trading Delays and Halts
Systems Failure
Trading Procedures
Validity of Bids and Offers
Tick Sizes and Trade Ranges
Definition of Orders
Disclosed and Undisclosed Volumes
Special Terms
Alteration of Orders
Cancellation of Orders
Priority of Orders for Execution - Queue Priority
Automated Trading System (MATS)
Pre-opening
Put-throughs
Block Trades
At the Open and Opened Operations
Close of Trading
Board Trading
Simultaneous Switching Arrangements
Special Put-throughs
Buying In
Selling Out
Records and Reports
Clearing and Settlement Procedures
Clearing and Settlement System
Settlement of Trades
Accrued Interest
Transaction Reports
Client Contract Note
On Settlement Day
Publication of Prices
Post Settlement and Registration Procedures
Off Market Transactions
The Central Securities Depository
Exemption from Issuing Share/Stock Certificates
Registration Advices
New/Rights Issues
Bonus Issue
Other Obligations
Chapter 6 LISTING REQUIREMENTS
Admission of Securities to Listing
Competent Authority
Procedure
Sponsors and Their Responsibilities
Application for Listing
Basic Conditions to be fulfilled by an Applicant
Listing of Ordinary Shares
Listing of Preference Shares
Listing of Loan Securities
New Issues
Employee Share Schemes
Further Methods of Issue
Suspension and Cancellation of Listing
Application Procedure and Publication
Application Procedure - Companies
Documents to be filed with an application for the listing of Shares/Stocks
Documents to be filed with an application for the listing of Preference Shares, Bonds, Debentures and Loan Stock
Application procedure for companies already having securities traded on the Exchange
Application Procedures - Government and other Legal Persons
Contents of Listing Particulars or Equivalent Offering Document
Preliminary
Requirements for contents of listing particulars for Companies
Requirements for contents of listing particulars, Circular letters etc
Requirements for contents of offering documents of the Government of the Republic of Malta
Accountants' Reports
Continuing Listing Obligations
Introduction
Authorised Omissions
Immediate announcements to be made to the Exchange
Information to maintain a fair Market
Company Announcements
Reports
Transactions by Directors and Employees of the listed company
Acquisitions and Realisations
Articles of Association
Introduction
Directors
Accounts
Capital
Dividends
Transfers
Borrowing Powers
Notice of Meetings
Winding-up
Alteration of Articles
Proxy
General
The Central Securities Depository
Other
General
Interpretation
Claims
Declaration of Default
Default Notice
Application for Compensation
Exclusion for Compensation
Limit of Compensation
Reduced or Interim Payments
Assignment of Rights
Powers of the Council
Revenue of the Fund
Payments out of the Fund
Records
Co-operation with the Council and the Select Committee
General
Offer Documents
Draft Circulars
LISTING REQUIREMENTS FOR COLLECTIVE INVESTMENT
SCHEMES
General
Interpretation
Introduction
Section I- Application Procedures and Requirements
Preliminary
Basic Conditions to be fulfilled by a Scheme Seeking a Listing
Formal Application for Listing
Listing Document
Listing Agreement
Disclaimer
Purchase of Own Securities
Section II - Continuing Obligations
General Obligations of Disclosure
Financial Information
Directors
Consultation with the Exchange and Maintenance of Information
Other Continuing Obligations
Section III - Listing of Overseas Collective Investment Schemes
Basic Conditions
Continuing Obligations
Section IV - Listing of Closed-Ended Collective Investment Schemes
Introduction
Basic Conditions
Continuing Obligations
Appendix I FORM A - ADVANCE BOOKING FORM
For Collective Investment Schemes
FORM B - FORMAL APPLICATION FOR LISTING
For Collective Investment Schemes
FORM C - THE LISTING AGREEMENT
For Collective Investment Schemes
Appendix II CONTENTS OF LISTING DOCUMENT
For Collective Investment Schemes
Appendix III LISTING FEES
Applicable to Collective Investment Schemes
Appendix IV PROPERTY COMPANIES