Section 123
(1}
of Securities Markets Order, 2013
An issuer must submit an amendment to a registration statement at any time before or after the registration statement is effective if the issuer discovers that the registration statement omits information required to be included or updated, contains an untrue statement of material fact or omits to state a material fact necessary to make statements made therein not misleading.
(2)
In the event an issuer submits changes or additional information prior to the time the registration statement is effective, the offering statement is deemed to have been resubmitted on the date the changes or additional information are received.
1331
(3)
The Authority may, at any time after the effective date -
(a)
require an issuer to make amendments to the registration statement if it determines that the registration statement contains an untrue statement of material fact or omits to state a material fact necessary to make statements made therein not misleading; or
(b)
require the issuer to suspend offers and sales of securities
(i)
before an issuer has submitted amendments to the public offering statement requested by the Authority; and
(ii)
until 15 days following submission of the latest amendment.
Suspension of offering.