The following exceptional circumstances are the reason for an extraordinary relegation of shares into a lower regulated market segment:
- opening pre-bankruptcy or bankruptcy proceedings,
- opening of liquidation procedure,
- the opening of a compulsory administration procedure in Companies, or
- other exceptional circumstances that the Exchange estimates may affect the issuer's regular operations and fulfillment of its post-listing requirements, or fair, orderly and efficient trading.
The resolution relegating the shares from a higher to a lower regulated market segment shall be published by the Stock Exchange on its website at least 10 (ten) trading days before the shares of the issuer begin trading in the lower regulated market segment.