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Most Asked Questions

I notice that an issuer provides quotes for the warrants which do not fulfil the active quote criteria but the spread is wider than the maximum bid-ask spread under the active quote requirement. Has the issuer breached the active quote requirement?

No. An issuer may, at its option, provide active quotes voluntarily. In those circumstances, the issuer is not bound by the specific spread requirements for active quotes as set out in the Industry Principles. However, in this case, the issuer will still need to comply with the spread requirement applicable to quote request in response to a quote request.