Residency requirement for senior management nominated advisers  |
|
|---|---|
| Rule: | I 2.4(1)(iii) |
| Date Requested: | Wednesday, November 21, 2012 |
| Requested By: | Enprise Group |
| Date Approved: | Wednesday, January 9, 2013 |
| Approved By: | Compliance Committee |
| Issuer: | ENS |
| Securities: | ENS |
| Description of Rule: | Each listed issuer must appoint a nomianted adviser. The issuer may appoint as a nominated adviser: ... (iii) with the consent of the Exchange if the Exchange is of the opinion that the issuer has sufficient resources available to it, two members of the issuer's senior management ordinarily resident in Australia. |
| Waiver Requested: | One member of the senior management proposed as nominated adviser was a resident of NZ. |
| Effect of Waiver: | Waiver granted given one proposed adviser was in Australia and the ease of communication with the NZ based adviser. |