COB 6.3.8

For the purposes of COB Rule 6.3.7, when an Authorised Firm accepts a mandate to manage an Offer, it must take reasonable steps to disclose to its corporate finance Client:

(a) the process the Authorised Firm proposes to adopt in order to determine what recommendations it will make about allocations for the Offer;
(b) details of how the target investor group, to whom it is planned to Offer the Securities, will be identified;
(c) the process through which recommendations are prepared and by whom; and
(d) (if relevant) that it may recommend placing Securities with a Client of the Authorised Firm for whom the Authorised Firm provides other services, with the Authorised Firm's own proprietary book, or with an Associate, and that this represents a potential conflict of interest.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]