The assessment report of the securities underwriter shall be prepared in accordance with these Guidelines. The securities underwriter may make the necessary adjustments to in the particulars of the assessment report based on the actual needs of a particular application.
The underwriter shall make an accurate record of actions taken according to these Guidelines and include such record in the working paper together with relevant information and data it has obtained. The working paper should be prepared and kept according to the following principles:
For purposes of these Guidelines, financial reports are consolidated financial reports prepared in accordance with the Regulations Governing the Preparation of Financial Reports as published by the competent authority. Where the issuing company has no subsidiary, individual financial reports will be acceptable.
- The working paper should be as complete as possible and include proper details and organized in a systematic way by adding a table of contents and index;
- The working paper should specify the assessment procedure being implemented and the conclusion reached during the process;
- The assessors and supervisors responsible for double checking shall sign their names on the working paper to identify their responsibilities;
- The working paper should be kept for at least five years for reference.
When assessing a foreign issuing company's application for primary listing, the securities underwriter base its assessment on the issuer's consolidated financial information.