1. Application and Scope

(1) These Rules apply within the jurisdiction of the AIFC.

(2) The following do not apply in the case of a Pre-IPO Listing:

1. (a) Sections 66(3), 82(1) and 83(1) of the Framework Regulations; and
2. (b) Sections 86(a) through (c) of the Framework Regulations, provided that the Issuer complies with the requirements of the Listing Rules of the Authorised Investment Exchange as prescribed by Sections 4 and 5 of these Rules;
3. (c) MAR, in its entirety; and
4. (d) any Takeover Rules prescribed by the AFSA under Section 88 of the Framework Regulations outside of MAR, unless such Rules specifically state that they apply in the case of a Pre-IPO Listing.