Due Diligence Guidelines –
10. The Basis for the Subsequent Assessment of Due Diligence
Any subsequent assessment of the due diligence conducted in relation to a listing applicant, once it has been completed to the satisfaction of the sponsor, should be made with reference to the facts and circumstances available at the relevant time (i.e., on or before the date of the Application Proof or listing document, as the case may be).8 Such assessment should also be based on what a sponsor’s peers would consider to be objectively appropriate having regard to all relevant facts and circumstances at the relevant time.9
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.