Lead manager responsibilities must be defined and disclosed; disclosures, allotment and refund duties require clear allocation. Lead managers must ensure that responsibilities relating to disclosures, allotment and refund are clearly defined, allocated and determined, and a statement specifying such responsibilities is disclosed in the draft offer document and the offer document; where there are multiple lead managers, the responsibilities of each must be clearly demarcated and similarly disclosed.
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Provisions expressly mentioned in the judgment/order text.
Lead manager responsibilities must be defined and disclosed; disclosures, allotment and refund duties require clear allocation.
Lead managers must ensure that responsibilities relating to disclosures, allotment and refund are clearly defined, allocated and determined, and a statement specifying such responsibilities is disclosed in the draft offer document and the offer document; where there are multiple lead managers, the responsibilities of each must be clearly demarcated and similarly disclosed.
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