Follow-on public offer disclosures require complete material information, lead-manager diligence, and issuer responsibility for informed investor decisions. Regulation 38 requires a follow-on public offer's offer document to contain true, correct and adequate material disclosures enabling informed investment ... Summary
International Financial Services Centres Authority (Listing) Regulations, 2024
Follow-on public offer disclosures require complete material information, lead-manager diligence, and issuer responsibility for informed investor decisions.
Regulation 38 requires a follow-on public offer's offer document to contain true, correct and adequate material disclosures enabling informed investment decisions. Where applicable, the issuer must state its materiality policy and disclose all material information arising after filing and before listing. Lead manager(s) must undertake due diligence regarding the issue and the materiality, truthfulness and adequacy of disclosures. The issuer remains responsible at all times for correct, adequate and relevant disclosures.
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