A COLLATERAL. Secured Certificates may only be listed or admitted to trading on a secondary exchange or another relevant trading venue (hereinafter referred to collectively as "Secondary Exchanges") if the Secondary exchange is recognized by SSX. SSX shall maintain a list of recognized Secondary Exchanges, which is shall make available to Issuers. Further Secondary Exchanges may be added to the list of recognized Secondary Exchanges on the request of the Issuers. The decision on whether to recognize a Secondary Exchange is made at the discretion of SSX. SSX reserves the right to remove a Secondary Exchange from the list of recognized Secondary Exchanges at any time. If SSX removes a Secondary Exchange from the list of Secondary Exchanges, it shall disclose this to the Issuers of Collateral-Secured Certificates. The Secondary Exchange in question shall be removed from the list one calendar Day after informing the Issuers. In accordance with the issuing conditions of Collateral-Secured Certificates, those Collateral-Secured Certificates already listed or traded on a Secondary Exchange that is removed from the list of recognized Secondary Exchanges are not affected by the removal from the list during their lifespan. After a Secondary Exchange has been removed from the list of recognized Secondary Exchanges, Issuers may not make any further applications for Collateral-Secured Certificates to be listed or admitted to trading on the Secondary Exchange in question.
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Sources: Framework Agreement, Framework Agreement