(1) Where an interested person has an interest in any entity or group carrying on the same business or dealing in similar products as the issuer or its group, the issuer must, in the prospectus, offering memorandum or introductory document, disclose:

(a) the name of that entity or in a case of a group, the immediate holding entity of that group;

(b) a description of the business of that entity or group;

(c) the name of the interested person involved;

(d) the nature and extent of his or her interest in that entity or group, and the extent to which he or she is involved in the management of that entity or group either directly or indirectly; and

(e) a description of the conflicts of interest thereby arising.

(2) An issuer (other than a REIT or business trust) must, in the prospectus, offering memorandum or introductory document, disclose the measures (if any) to resolve or mitigate such conflicts. Where any conflict of interest is not resolved or mitigated, the disclosure in the prospectus, offering memorandum or introductory document must include the reasons why such conflict is not resolved or mitigated.

(3) An issuer that is a REIT or business trust must resolve or mitigate conflicts of interest prior to listing as set out in paragraph 3 of Practice Note 4.1. Such issuer must, in the prospectus, offering memorandum or introductory document, disclose such conflicts and the measures to resolve or mitigate such conflicts.

Amended on 7 February 2020 and 29 October 2025.