The Listing Committee has retained the role of oversight of the Listing Division and the Chief Executive of the Exchange to ensure that they exercise those powers and carry out their day-to-day functions in a professional and impartial manner. This oversight role does not mean, however, that the Listing Committee will be involved in the day-to-day administration of the Exchange Listing Rules but the Listing Committee will act as an independent review body and has retained the right to review at any time, on its own volition, any decision of the Chief Executive of the Exchange, the Executive Director of the Listing Division or any member of the staff of the Listing Division which is made under any of the powers delegated by the Listing Committee and to endorse, modify, vary or reverse any such decision. In addition, the Listing Committee has the power to impose directions, regulations or restrictions on the Chief Executive of the Exchange, the Executive Director of the Listing Division and the staff of the Listing Division in respect of the way in which they are to carry out their delegated authority.

The Listing Committee may at any time conduct a hearing in relation to any matter relating to or arising out of the Exchange Listing Rules and it may require the attendance at such hearing of such persons and the production to such hearing of such documents as it deems appropriate. As provided in this chapter certain decisions of the Listing Committee may be referred to the Listing (Review) Committee for review; certain decisions of the Listing Committee or the Listing (Review) Committee may also be referred to the Listing Appeals Committee for review. The Listing Committee may from time to time prescribe such procedures and regulations for any review hearings as it may think fit.