Member Exchanges shall, to the extent permitted by applicable legislation, co-operate and share experiences in matters pertaining to Market Surveillance and Self-Regulation. 6. Cross-Border Listings With a view to offering entrepreneurs the opportunity of a listing on a securities exchange, Member Exchanges shall share individual experiences and initiatives including two-tier markets, and identify factors in the micro and macro environments that impede market growth. Member Exchanges shall also explore opportunities for the development of joint products and the cross listing of companies on the Member Exchanges. Cross-market harmonisation of listing requirements should be pursued on an on-going basis. 7. New Investors Recognising the need to develop the economies of the State Parties, improve market liquidity and to offer the benefits of securities exchange investments to the widest possible eligible sections of their respective populations, the Member Exchanges shall share and discuss with one another their initiatives to encourage investors. Member Exchanges must also identify problems that inhibit the broadening of share ownership and discuss solutions for solving those or any other problems. ARTICLE 3 CONFIDENTIALITY 1. Information that is obtained by Member Exchanges in terms of thisAnnex , which is not otherwise publicly available, is confidential and subject to paragraph 2 no Member Exchange shall disclose such information 2. The information provided by the Member Exchanges may not be given to any third party without the prior written consent of the originating party, except that neither party shall be precluded from: (a) using the information in formal regulatory or legal proceedings or investigations initiated by the recipient for the purpose of carrying out its regulatory responsibilities; (b) furnishing such information to the relevant regulatory body, or to any other regulatory authority having responsibility for the supervision or regulation of investment business, trading in financial instruments listed in that country, or for any other financial services; or (c) releasing the information under compulsion of law. 110