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  • Lead Manager Declaration

    • OFS-4.2.2

      The declaration by the lead manager (Appendix OFS-8) required under Paragraph OFS-4.2.1 must consider and contain the following:

      (a) A confirmation that all compliance requirements, including those specified in the CBB Rulebook Volume 6 are met;
      (b) A due diligence of the commercial and business prospects based on the analysis of past and current circumstances, both in relation to the issuer and in relation to the external market or industry in which it operates;
      (c) An analysis of the macroeconomic factors affecting the issuer or the underlying securities being offered;
      (d) Due consideration for the reasonableness of the issuer's business strategy and related business plan and budgets where appropriate;
      (e) In the case of asset-backed securities, warrants and Islamic securities, the quality of the underlying assets and anticipated future cash flows and relevant risk factors; and
      (f) The price stabilisation method, limits and determination of issue price where the issue is not underwritten.
      January 2014