the real fans with a good knowledge and understanding of technology only but not for general investors. In addition, previously SEC found that certain persons exploited the timing to deceive the
principle of widespread distribution to general subscribers without specific allocation to any particular individual (cherry picking), and must not be an arbitrage in evasion of regulatory compliance
example, an IPO to cornerstone investors must not contain any agreement or contract that would render material benefits specifically to cornerstone investors for the disadvantage of other subscribers. This
year from the effective date of the Guidelines, to allow the subscribers appropriate time to develop NDID-compatible systems, as required. The amendments would also streamline the ID card dip chip
persons and general investors applies the same rules. In addition, the issuing companies must ensure that subscribers through any channels such as website or telephone, obtain executive summary or factsheet