Minimum offer size for depository receipts mandates a baseline threshold, subject to regulatory specification of another amount. Regulation 59 requires a public issue of depository receipts under Part B to meet a minimum offer size of USD 700,000. Another amount may apply where ... Summary
Minimum offer size for depository receipts mandates a baseline threshold, subject to regulatory specification of another amount.
Regulation 59 requires a public issue of depository receipts under Part B to meet a minimum offer size of USD 700,000. Another amount may apply where specified by the Authority. The provision imposes a mandatory issue-size condition for each public offer of depository receipts, while permitting regulatory revision of the applicable minimum threshold.
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