- SECURITIES MAY NOT BE ADMITTED TO OFFICIAL LISTING ON ANY STOCK EXCHANGE SITUATED OR OPERATING WITHIN THEIR TERRITORY UNLESS THE CONDITIONS LAID DOWN BY THIS DIRECTIVE ARE SATISFIED, AND THAT
- ISSUERS OF SECURITIES ADMITTED TO SUCH OFFICIAL LISTING, WHETHER ADMISSION TAKES PLACE BEFORE OR AFTER THE DATE ON WHICH THIS DIRECTIVE IS IMPLEMENTED, ARE SUBJECT TO THE OBLIGATIONS PROVIDED FOR BY THIS DIRECTIVE.