(17)Issuers seeking to list securities or admit securities for trading on a market must satisfy the requirements of the exchange's listing rules. Rule 703 of the Listing Manual requires an issuer to disclose any information that is necessary to avoid the establishment of a false market in the issuer's securities or would be likely to materially affect the price or value of its securities. Furthermore, Rules 707 to 711 of the Listing Manual in Singapore set out the requirements for annual reports issued by listed issuers. Periodic and ongoing information requirements and disclosure obligations are applicable to issuers of derivatives contracts where an underlying asset is a security. Where such a derivative is admitted to trading on an AE or a RMO, its issuer is subject to the reporting requirements set out under the listing rules of the individual exchange.