Regulatory Alerts2007-03-23
Added · Updated
Preventive measure against multiple applications in initial public offerings (IPOs)
The position of the two masked digits on IPO refund cheques will vary from offering to offering, replacing the fixed masking of the 5th and 6th digits. The masked positions in each IPO are randomly selected by a computer programme designed by the share registrar handling the IPO. This preventive measure takes effect for all IPOs launched on or after 2 April 2007.
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