Delisting rules

DRs may be subject to delisting in any of the following events:

• DR issuers and DRs fails to meet any of the following qualification requirements:
  • Being DRs issued by SEC-approved issuers
  • Bearing holders’ names
  • Having no transfer restrictions
  • Being SEC-approved issuers and possessing the qualifications as specified by the SEC.
• Delisting is requested by issuers
• Issuers demonstrate violation of or non-compliance with SET’s legal requirements which may severely affect the rights and benefits of investors, investor decisions, or price movement.
• Issuers disclose false information or omit disclosure of material information which may severely affect the rights and benefits of investors, investor decisions, or price movement.
• Auditor’s disclaimer of opinion on the annual financial statements for 3 consecutive years
• Occurrence of any events specified in the DR terms and conditions as grounds for delisting.
• Delisting of underlying securities.