Fast track rights issue compliance: lead managers must file the letter of offer and submit specified due diligence certificates. The omitted regulation previously required filing the letter of offer and payment of fees in accordance with prescribed schedules, and mandated that lead ... Summary
Fast track rights issue compliance: lead managers must file the letter of offer and submit specified due diligence certificates.
The omitted regulation previously required filing the letter of offer and payment of fees in accordance with prescribed schedules, and mandated that lead managers submit prescribed due diligence certificates with the letter of offer, including additional confirmations; for fast track convertible debt issues, a debenture trustee due diligence certificate in the prescribed form was also required.
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