1、The obligations on sponsors under the listing rules are already extremely stringent, particularly since the introduction of the new Practice Note on Due Diligence and related listing rules.
3、The original 2003 proposals were to give legal backing to several listing rules, rather than just one of them, and to include criminal penalties as well as civil ones.
2、However under British listing rules, they would have to vote on a deal if the offer is raised to 25 percent of BHP's total market value.
