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  • Over-allotments

    • OFS-7.4.13

      The "over-allotment option" may only be exercised if such an option is disclosed and provided for in the offering document.

      January 2014

    • OFS-7.4.14

      While exercising the over-allotment option, the issuer, lead manager or any other appointed advisor must fully adhere to general guidelines under Paragraph OFS-7.4.12.

      January 2014

    • OFS-7.4.15

      The CBB may allow the extension of the allotment period up to 6 calendar days to exercise the over-allotment option upon the request of the issuer, lead manager or any other appointed advisor on application, which contains the reasons and justifications for such extension.

      Amended: October 2017
      January 2014

    • OFS-7.4.16

      In the event of the over-allotment option, the issuer, lead manager or any other appointed advisor is not allowed to exercise any discrimination, whether in cash or in kind among the subscribers or allottees.

      January 2014

    • Trading of Underwritten Securities Subscribed by the Underwriter

      • OFS-7.4.17

        Where the underwriter has subscribed for, or purchased securities under an underwriting or sub-underwriting agreement following the under-subscription of the offering of securities, any intention to sell those securities in the ordinary course of trading on a licensed exchange shall, in the interest of maintaining market integrity, not be sold against any price stabilisation fund or the designated market maker as the buying counterparty.

        Added: October 2017