Undertaking by advisers

2.7

​Must an adviser who is subject to paragraph 2.21 of the Main LR file an undertaking each time it acts for a listed issuer?

​No, an adviser who is subject to paragraph 2.21 has to file only 1 undertaking. Such undertaking will be applicable for all clients. The form of the undertaking has been prescribed in Appendix 2A of the Main LR.