DCSX has created a Listing Advisor status for reputable Listing Advisor firms to assist and sponsor the issuer in the listing procedure. The Listing Advisor acts as coordinator between the issuer and the exchange at all times. Any company or fund that seeks to list on DCSX must have a Listing advisor, both in the process of the listing and throughout its life as a listed entity. The Listing Advisor will be accountable for the correctness of information and ensures that an issuer fulfils its transparency requirements.
The Listing Advisor will guide the issuer through the entire process of the listing. The Listing Advisor conducts due-diligence to obtain assurance that the prospectus or the offering circular provides a true and fair view of the company and that it has been prepared in compliance with the legal requirements and DCSX rules.
Once the company is listed, the Listing Advisor must help the listed company to fulfill its obligations to the DCSX and the investors. The Listing Advisor will inform the DCSX immediately of any discrepancy in the flow of information or when the issuer fails to meet any of its obligations.
The Listing Advisor license can be awarded by DCSX to financial service providers, legal sponsors as well as audit firms. The DCSX appoints a Listing Advisor after a formal filing has taken place and ensures that those Listing advisors will respect their commitments.
The Listing Advisor plays a key part in the preparation of the public offer or private placement and helps the listed company to fulfill its ongoing obligation to disclose information.
The Listing Advisor plays a defining role for investors as it ensures that the listed company will fulfill its obligation to inform the public of market relevant data.
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