The listing rules also reflect that such securities are usually purchased and traded by a limited number of institutional investors who are particularly knowledgeable in investment matters. Accordingly, the rules focus upon disclosure of all relevant information without imposing unnecessarily onerous conditions upon the issuer. Unlike other stock exchanges, there is no requirement in the CSX's listing rules for a local listing agent to be appointed in connection with an application to list specialist debt securities. The lead manager or the issuer's legal advisers may deal directly with the CSX's listing department. This helps to reduce costs and improve time efficiencies.
Every effort is made to accommodate an issuer's timetable.
Document turnround times are guaranteed. The CSX has won plaudits from the world's leading financial institutions for its innovative and responsive service. The CSX is forward looking. Our regime for depositary receipts provides the world's first listing facility for unsponsored issues. Our rules for derivative warrants are the latest addition to the CSX's listing facility for specialist products.