Appointment of Lead Managers: issuers must appoint registered lead managers and disclose predetermined roles for multiple managers. Issuers must appoint one or more Board-registered merchant bankers as lead managers, contract in the prescribed form, and consult lead managers when appointing other intermediaries. For multiple lead managers, rights and obligations-including disclosures, allotment, refund and underwriting-must be predetermined and disclosed. At least one lead manager must not be an associate; any associate lead manager must disclose its status and is limited to marketing. Issuers must appoint a Board-registered registrar with depository connectivity, enter into agreements with an overseas custodian and a domestic depository, arrange collection centres, and appoint a compliance officer qualified to be a company secretary to monitor securities law compliance and redress investor grievances.