Lead manager responsibility allocation requires disclosed activity schedules, coordinated intermediary compliance, and continuing pre- and post-issue oversight. Lead manager responsibilities for an initial public offer include preparing and disclosing an activity-wise schedule identifying the lead manager ... Summary
Lead manager responsibility allocation requires disclosed activity schedules, coordinated intermediary compliance, and continuing pre- and post-issue oversight.
Lead manager responsibilities for an initial public offer include preparing and disclosing an activity-wise schedule identifying the lead manager responsible for each issue-related activity or sub-activity. A designated lead manager must coordinate with the Authority and ensure that intermediaries fulfil their contractual obligations and functions. These responsibilities continue for all pre-issue and post-issue activities related to the issue.
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