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What specific policies (not principles) will most people find to be the biggest difference between LTSE and NYSE? For example, if someone purchases shares through LTSE is there a minimum number of days that must elapse before the shares can be sold? Is there a policy regarding exactly how executive compensation should align with long-term success, or is the policy just that the company needs to publish such a document? Etc.

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LTSE work through what are called "principles-based listing standards" which require every listed company to adopt (and publish) a concrete policy that shows how they are committing to each specific principle. LTSE has a regulatory team that acts as a certifying agency. So while we don't have a one-size-fits-all policy that every company must enact on, for example, executive comp, they do have to make real, concrete commitments in that area in order to be listed.

In terms of trading, we don't currently have any rules of the sort you mention. Under today's regulatory framework, this would be hard (but not impossible) to do. We hope to see more work in this area, but nothing to announce at this time.

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