Promoter transaction reporting required: issuers must notify stock exchanges promptly after promoter or pre-issue placement trades. Issuers must ensure notification to stock exchange(s) of all securities transactions by promoters and promoter group between filing of the draft or final letter of offer and issue closure, with each transaction reported within twenty-four hours; disclosed pre-issue placements (in whole or part) must likewise be reported to the exchange within twenty-four hours. The issuer bears responsibility for monitoring and timely exchange-level disclosure of both promoter transactions and pre-issue placements.