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PIB A5.8.4

For the purposes of PIB Rule A5.8.3(b), an Authorised Firm must treat Securities as being new if they are:

(a) Securities that, prior to the allotment following the Underwriting, were not in issue; or
(b) Securities that have not previously been offered for sale or subscription to the public and have not been admitted to trading on a market operated by an Authorised Market Institution or an overseas investment exchange.
Derived from RM111/2012 (Made 15th October 2012). [VER20/12-12]