6.2 Receiving Bank
Effective from 2022-02-09 - Feb 08 2022
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| 11. | A bank that wishes to participate in an IPO as a Receiving Bank shall apply, as a minimum, the following: | |
| a. | Have a clear understanding of the respective role and responsibilities of the Receiving Bank and the Issuer of an IPO. This shall be clearly defined in the Receiving Bank agreement. | |
| b. | Only undertake the role commensurate with its financial and operational capacity, and to conduct a thorough analysis in advance of the potential financial impact arising from an IPO. | |