WSE Listing Rules

Welcome to the World Stock Exchange, a fictional securities exchange and banking role playing game. The WSE provides participants with a simulated securities exchange, trading and banking environment for educational and entertainment purposes.

In addition to the WSE Terms of Service, participation in the World Stock Exchange service is governed by the Market Rules and Listing Rules (collectively “Game Rules”). Please read this section to ensure you fully understand how the game is operated in order to provide all participants with the most entertaining and educational simulated securities exchange, trading and banking environment. The WSE is designed to simulate the actions, situations, events, trends and experiences found in real life markets.

INTRODUCTION

A Company on the WSE (Company, Business, WSE Listed Company) is a group account solely for use on the WSE and managed by a Participant playing the role of CEO in the WSE role-playing game. A company on the WSE is not a real or legally registered entity or business. The Participant may participate in the WSE service on behalf of a real and legally registered entity or business provided the Participant has sought and received written, signed consent from the business proprietor or director's along with additional approvals for items such as IP rights.

Listing your business with the World Stock Exchange "WSE" will provide many great benefits. The WSE allows your business to gain brand awareness through our large user base and exposure to the investment community including venture capitalists, fellow entrepreneurs and high net worth individuals worldwide. Have your business plan reviewed and rated by the market using our 5 star rating system. Raise capital and pay dividends by participating in the game using the World Internet Currency. The WSE provides students, professionals, enthusiasts, traders and investors with an opportunity to learn, have fun and trade securities in a simulated gaming and trading environment

WSE users will earn a return in World Internet Currency on their securities (shares, bonds) through dividends, interest and capital growth such as an increase in the security price, thereby increasing their overall wealth, while the businesses in which they invest WICS provide an opportunity to create jobs and drive the economic development across the real economy and virtual worlds.

World Stock Exchange ("WSE") offers a market for trading in securities. Trading takes place through trading participants. The WSE Market Rules govern trading participants’ relationships with WSE, with other users. WSE supervises the market for securities issued by listed entities. One way it does this is by setting standards for the behaviour of listed companies through its Listing Rules.

WSE's Listing Rules govern the admission of an entities to the official list, quotation of securities, suspension of securities from quotation and removal of entities from the official list. They also govern disclosure and some aspects of a listed entity’s conduct. Compliance with the Listing Rules is a requirement for admission to the official list.

The founder/owner (applicants) of a group that applies for a listing on the WSE will automatically be required to act as the chief executive officer (CEO) of the entity also known as a company.

ADMISSION AND LISTING REQUIREMENTS:

• The CEO must be the owner, manager or representative acting on behalf of a virtual or real business.
• The entity must report all generated income as World Internet Currency using the exchange rates provided by WIC Exchange.
• The entity's main Business Activity at the date of admission must be the same as it was during the previous 90 days.
• The entity must have been operating for a minimum of 90 days
• The entity's total revenue from continuing operations for the previous 90 days must exceed WIC$100,000.00
• CEO must provide the WSE with a valid email address for their WSE account
• CEO must have a WIC Exchange account from www.wicexchange.com
• Virtual world residents are required to have been a resident for a minimum of 90 days
• Virtual world residents require Payment Info Used or Payment Info on File
• Advanced knowledge of the English Language
• Minimum of 3 Company Directors with 1 director acting as Chairman of the Board
• The CEO cannot trade any securities in the entity without approval by the WSE.

The company submit a minimum of one announcement and financial report every 30 days regarding the operational and financial performance and outlook for the company.

TRADING HALTS, SUSPENSION, DELISTING

Failure to adhere to the WSE Market Rules, Listing Rules or Terms of Service may result in the removal or temporary suspension of trading in a listed company. WSE has an full authority concerning the admission of an entity to the official list (and its removal) and quotation of its securities (and their suspension). WSE also has discretion whether to require compliance with the Listing Rules in a particular case (ie, apart from waiving the rules). In exercising its discretion, WSE takes into account the Hope Capital virtues on which the Listing Rules and Market are based.

Delisting Policy

All shareholder lists and user related data on the WSE Site and Service are the property of the World Stock Exchange and are only to be used for the WSE role-playing game. - If a CEO leaves the WSE service and does not transfer the role to another WSE user prior to the CEO leaving the service then that company will be delisted from the WSE.
- If a CEO requests to be delisted from the WSE they are not permitted to provide the WSE shareholder list and data to third party services.
- If a WSE Listed Company has been delisted all related data to that listing is removed or transferred to a special fund at the WSE's sole discretion.
- If a WSE listed company is delisted before all WICS raised from an IPO are returned then the CEO will have their account closed and all data relating to that CEO account will be transferred to the former shareholders of that delisted company.
- If a CEO has breached the WSE Terms of Service, Market Rules or Listing Rules and has had their account closed by WSE then any WSE Listed Company assigned to that CEO's account with will delisted.

Access to Capital

All World Internet Currency received by the CEO during the initial offer period is held in escrow until the offer is fully subscribed. If the initial offer is under-subscribed a meeting will be held between the applicant and the WSE. The results of this meeting will determine whether the company will refund all capital to investor's, extend the offer or remove any outstanding shares so the company can be placed on the Official List.

Market Rules

The internal management of a entity on the official list is governed by the WSE Market Rules. It is expected that the founder and all related parties of each entity will adhere to the WSE Market Rules.