(1) An Applicant must demonstrate to the Regulator's satisfaction that it and its business are suitable for listing.
(2) In satisfying itself that an Applicant and its business are suitable for listing, the Regulator will consider:
(a) the Applicant's connection with its controlling Shareholders or any other Person;
(b) whether in the Regulator's reasonable opinion the Applicant is ready and able to comply with its obligations under the FSMR and these Rules;
(c) any matter in relation to the Applicant, its business or Securities which may harm the integrity or the reputation of the ADGM capital markets or which may pose a risk to the Regulator's objectives described under section 2 of the FSMR; and
(d) any other matters relevant to the Applicant's suitability.