Banker-to-issue agreements must specify collection centres, reporting timelines, and daily application and money reporting duties. Every banker to an issue must execute an agreement with the relevant body corporate. The agreement must specify collection centres for investor ... Summary
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Banker-to-issue agreements must specify collection centres, reporting timelines, and daily application and money reporting duties.
Every banker to an issue must execute an agreement with the relevant body corporate. The agreement must specify collection centres for investor applications and application monies, the time for forwarding receipt details to the registrar to an issue or body corporate, and daily reporting by the designated controlling branch. Daily statements must state the number of applications received and the corresponding application money received.
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