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Frequently Asked Questions
  Are there provisions of the Listing Rules for which exceptions are not available?
Identification Number 157
Yes. As set forth in IM-5615-3, a Foreign Private Issuer must comply with Listing Rule 5625 (Notification of Noncompliance). A Foreign Private Issuer must also have an audit committee that satisfies Listing Rule 5605(c)(3). Members of the audit committee must meet the criteria for independence referenced in Listing Rule 5605(c)(2)(A)(ii) (the criteria set forth in Rule 10A-3(b)(1) under the Act, subject to the exemptions provided in Rule 10A-3(c) under the Act). A Foreign Private Issuer must also comply with Listing Rule 5210(c) and Listing Rule 5255 (Direct Registration Program) unless the company provides a written statement from an independent counsel in such Company's home country, certifying that a law or regulation in the home country prohibits compliance. 
Publication Date*: 4/10/2023 Mailto Link Identification Number: 157
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