Due Diligence Guidelines –
Provision of Information to Analysts
Addendum 10: Suggested Text of Email or other Written Reminder to Underwriters’ Counsel Regarding Review of Research Reports
We take this opportunity to confirm our understanding that you will review such analysts’ research report(s), prepared by syndicate members, as we may forward to you for and only for (a) legal and regulatory review (including but not limited to compliance with paragraph 16 of the SFC Code of Conduct); (b) verification of the accuracy of the legends; and (c) consistency between the disclosures in the prospectus and the research report. You may discuss with the relevant syndicate member any issues arising from such review and may, if required, raise the same afterwards with us.
Your review will be limited to a reasonable number (not expected to exceed three) of substantially final or very advanced draft(s) of each research report submitted.
HKCFEF Limited and the contributing law firms, accountants and sponsors are not offering these due diligence guidelines as legal, financial or professional advice or services and they should not be relied upon as such. These due diligence guidelines should not be used as a sole basis for any decision, action or inaction and are not meant to serve as a substitute for the advice of qualified professionals. See here for the full terms and conditions.