MKT 2.3.2 MKT 2.3.2
An Applicant must have published or filed audited accounts which:(1) cover a prior period of three years or any other shorter period acceptable to the Regulator;(2) are consolidated for the Applicant and any of its Subsidiary undertakings;(3) have been prepared in accordance with IFRS or other standards acceptable to the Regulator; and(4) have been audited and reported on by auditors in accordance with auditing standards of the International Auditing and Assurance Standards Board (IAASB) or other standards acceptable to the Regulator.
Guidance1. The Regulator may modify or waive Rule 2.3.2 if it is satisfied that it is desirable in the interests of investors and that investors have the necessary information available to arrive at an informed judgement about the Issuer and the Shares for which a listing is sought.2. The Regulator would accept a shorter period than three years depending on the nature of the Applicant's business and any other material considerations, for example, where the Issuer has been in operation for less than three years.