The Funds submitting a Listing Application for listing their units on the Exchange shall meet the following conditions: 1. The Fund shall be licensed by the Authority and registered in Collective Investment Schemes register. 2. It shall be a Close-Ended Fund or an Exchange-traded Funds (ETFs). 3. The Articles of Association of the Fund shall stipulate the possibility to list the Units of the fund on the Exchange. 4. The remaining period for the Fund shall not be less than one year from the date of submitting the Listing Application unless the Unitholders association passes a resolution extend this period. 5. The units of the Fund shall be tradable and freely transferable in conformity with the provisions of the Law and the Articles of Association. 6. The Fund has issued financial statements for a period of not less than twelve months prior to the submission of the Listing Application. 7. The issued capital of the fund shall be fully paid and shall not to be less than 5,000,000 Kuwaiti Dinars. The total shareholders’ equity to the paid up capital shall not be less than 100%, based on the latest audited annual financial statements prior to the date of submitting the Listing Application. 8. Obtaining the approval of the Fund Manager to list the Units of the Fund on the Exchange. 9. Appointment of a Listing Advisor. 10. Any other conditions or regulations stipulated by the Authority.