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  • PIB A5.8.7 PIB A5.8.7

    If the allocation of Securities has not been fixed, an Authorised 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. An Underwriting commitment may only be reduced under this Rule 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 underwriting Group or syndicate.

      Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]