Article 51

If the shares issued by a company which is a national of a non-member country are not listed in either the country of origin or in the country in which the major proportion of the shares is held, they may not be admitted to official listing unless the competent authorities are satisfied that the absence of a listing in the country of origin or in the country in which the major proportion is held is not due to the need to protect investors.

CHAPTER III

Particular conditions relating to the admission to official listing of debt securities issued by an undertaking

Section 1

Conditions relating to undertakings for the debt securities of which admission to official listing is sought