OFS-3.2.19
An appointed advisor must be independent of the
(a) He owns an interest of 5% or more of equity securities of the issuer or any other company within the issuer's group;
(b) He has a business relationship with, or financial interest in the issuer or any other entity in the issuer's group that would give the appointed advisor, or the appointed advisor's group a material interest in the outcome of the transaction;
(c) He provides and has provided in the previous 2 years any service, assurance, or guidance in any event to the issuer , other than the offering or listing in which he is appointed as an appointed advisor, or to another entity in the issuer's group; or
(d) A director, partner or employee of the appointed advisor or another entity in the appointed advisor's group has a material interest in the issuer or any other entity in the issuer's group.
Amended: July 2018
January 2014
January 2014