An Exchange shall prepare rules for trading in Securities that are listed in the Exchange in order to ensure the trading takes place in a fair, orderly and efficient manner, after obtaining the Authority’s approval thereof. The Exchange must have effective arrangements to verify that Issuers with Securities admitted to trading on the Exchange comply with their disclosure obligations under the Law and applicable regulations. An Exchange is obliged, periodically, to ensure that the Securities admitted to trading are in compliance with the Exchange’s requirements.