Depository receipt allotment requires issuers and lead managers to complete allotment, payments, and refunds within the prescribed post-closure timeframe. Depository receipt issuers and lead manager(s) must ensure timely completion of allotment following closure of a public issue. Allotment of depository ... Summary
Depository receipt allotment requires issuers and lead managers to complete allotment, payments, and refunds within the prescribed post-closure timeframe.
Depository receipt issuers and lead manager(s) must ensure timely completion of allotment following closure of a public issue. Allotment of depository receipts, associated payments, and any refunds must be completed within five working days from the issue's closing date. The obligation establishes a defined post-issue timetable for settling allotments, processing payments, and returning refundable amounts.
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