Entire Section
PIB A5.8.3 PIB A5.8.3
(1) For the purpose of PIB Rule A5.8.1, anAuthorised Firm underwrites or sub-underwrites an issue ofSecurities where:(a) it gives a commitment to anIssuer ofSecurities to underwrite an issue ofSecurities ;(b) in the case of newSecurities (as defined in PIB Rule A5.8.4) it gives a commitment to a seller ofSecurities to underwrite a sale of thoseSecurities ;(c) it gives a commitment to a person, other than theIssuer ofSecurities or, if (b) applies, the seller of theSecurities , to sub-underwrite an issue ofSecurities ; or(d) it is a member of a syndicate orGroup that gives a commitment of the type described in (a) to (c).(2) Unless aRule deals with an issue ofSecurities separately or the context otherwise requires, a provision of PIB section A5.8 that deals withUnderwriting also applies to sub-underwriting.Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]PIB A5.8.3 Guidance
Block trades, including bought deals, and private placements are not within the scope of this chapter because they involve an outright purchase by an
Authorised Firm of the relevantSecurities .Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]