Timely reporting requirement: promoters must notify stock exchanges of pre-IPO transactions and disclosed placements promptly. Issuer must ensure all securities transactions by promoters and promoter group between filing of the draft offer document or offer document and issue ... Summary
Timely reporting requirement: promoters must notify stock exchanges of pre-IPO transactions and disclosed placements promptly.
Issuer must ensure all securities transactions by promoters and promoter group between filing of the draft offer document or offer document and issue closure are reported to the stock exchange(s) within twenty-four hours; any proposed pre-IPO placement disclosed in the draft offer document must likewise be reported to the stock exchange(s) within twenty-four hours of such pre-IPO transactions, in part or in entirety.
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