(1) An issuer must appoint an issue manager who will manage the issuer’s listing application and be responsible for preparing the issuer for its listing on the Exchange. 

(2) An issue manager must be able to give the issuer impartial and competent advice and must have the necessary experience to discharge its professional duties as an issue manager fully and professionally. 

An issue manager must: 

(1) discharge its obligations with due care, diligence and skill;

(2) in preparing an issuer for a new listing:

(a) be satisfied that:

(i) all applicable prospectus disclosure requirements under the SFA and the SF(GLB)R have been complied with; 

(ii) the issuer meets the admission requirements of the Global Listing Board;

(iii) all documents required by the Rules to be included in the listing application have been or will be supplied to the Exchange; and

(iv) the information and confirmations submitted to the Exchange (which includes, where applicable, the confirmations set out in Rules 217(4) and 217(5)) are complete and accurate in all material respects, and not misleading. If subsequently, the issue manager reasonably believes that the information provided did not meet or no longer meets this standard, it should notify the Exchange as soon as practicable, and correct the information; and

(b) conduct adequate due diligence on the issuer;

(3) provide to the Exchange, as soon as practicable, any information or confirmation that the Exchange may require for the purposes of ensuring that the Rules are complied with by the issue manager and the issuer. Such information or confirmation shall be provided to the Exchange in such form and within such time as the Exchange may reasonably require; and

(4) inform the Exchange of all matters relevant to the listing application that should be brought to the Exchange's attention, including any further information that becomes available after the listing application is submitted and before listing, in a timely manner.

The issuer must: