It is possible that the application to the Exchange WAS being reviewed by the exchange for approval. The process is moving forward...without an Agreement in Principle in place...and as such...No PR
The application review is cursory. They only review if all of the required topics are covered. They don't review the accuracy or validity of those topics until after the PR has been published. It is a transparent process with firmly established milestones. It is not a bureaucratic maze with secret passages and hidden shortcuts in it.
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