To ensure the listing process runs smoothly, we would like to remind you of the procedure for submitting the initial documents for the CSX listing and exactly what the Listing Department requires for the initial application.
The following initial application documents must be submitted, for the Listing Department to start its review:
I. Specialist debt securities:
- Application Form: Listing Application Form as set out in Appendix IB;
- Listing Document: a copy of the listing document;
- Corporate Documents: copies of the issuer’s corporate documents, such as the Certificate of Incorporation and Articles of Association;
- Checklist: a completed Checklist Form (here) or an annotated copy of the Listing Document referencing the relevant disclosure obligations set out in Chapters 8/12/14;
- Waiver Letter: where applicable, a waiver letter setting out those Listing Rules for which waiver is sought together with a rationale for each;
- Instrument: a copy of the executed deed or other instrument constituting the debt securities (as applicable);
- Material Contracts: unless already included or summarised in item 2 above, copies of any contracts material to the debt securities for which listing is sought;
- Financial Statements: where available, the issuer must submit each of its 2 most recently published annual accounts and any half early reports, if applicable; where the debt securities of an issuer have the benefit of a parent or third-party guarantee, the latest annual accounts of the guarantor must be submitted
- Structure Chart: a structure chart, showing the information set out below, either contained within the listing document or provided for separately.
In the absence of a structure chart, the following information must be provided in whatever manner is most efficient for the issuer:
- flow of funds;
- the immediate and ultimate beneficial owner(s) of the issuer and their jurisdictions;
- the percentage of ownership in the structure; and
- the names of material subsidiaries of the issuer
- Additional Information: Any other relevant information that may support the listing application.
NOTE 1: Whilst not a requirement to provide disclosure in the Listing Rules, the Listing Department must be informed of the initial purchaser(s) of the debt securities.
NOTE 2: In respect of item 9 above, and with the exception of charitable trusts, where a trust is a principal party with an interest of 25% or more of an issuer or noteholder, the name and date of birth of the following trust principals: the trustees; the settlor(s); the ultimate beneficiaries.
II. CLO Issuers :
Please provide a copy of the preliminary offering document.
Additionally, please include the following information with your initial email submission:
- Valuation Details: please provide the valuation details if they are known.
- Classes Being Listed: confirm how many classes are being listed and specify which ones.
- Closing Date: ensure to provide the closing date for listing.
Open communication
We would like to extend our gratitude for all your instructions during what has been a very busy year so far for us all.
At CSX, we prioritize clear and transparent communication. Our open-door policy ensures that we are available to address any questions or concerns you may have, no matter how big and small. This approach is designed to facilitate a smooth and efficient listing process for all stakeholders. Feel free to reach out to us at any time for assistance or information.