Entire Section
PIB A5.8.7 PIB A5.8.7
If the allocation of
Securities has not been fixed, anAuthorised Firm must calculate the gross amount of its commitment, for the purpose of PIB Rule A5.8.6, by reference to the maximum amount it has committed to underwrite until the time the allocation is set. AnUnderwriting commitment may only be reduced under thisRule on the basis of a formal agreement.Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]PIB A5.8.7 Guidance
Allocations may arise, after date of initial commitment, from the agreement to underwrite. For example, obligations or rights may be allocated to or from the
Issuer , the underwritingGroup or syndicate.Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]