Due Diligence Guidelines –
2. The Principal Responsibility for Accuracy and Completeness of the Listing Document
The principal responsibility for the truth, accuracy and completeness of a listing document rests with the listing applicant’s directors, individually and collectively. This has always been so and it should be since it is the directors that have the most complete knowledge of the listing applicant’s business and affairs. This responsibility cannot be assumed by other parties engaged in the production of a listing document. Due diligence relies on the active cooperation and assistance of the listing applicant’s directors and senior management and cannot be expected to be an effective check for honesty, accuracy and completeness without it.
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.