442 Independent Qualified Person

Past version: Effective from 01 Feb 2011 to 22 Aug 2018

For the purpose of Rule 441, the qualified person preparing the qualified person's report must fulfil the following:

(a) the qualified person must not be a sole practitioner;
(b) if the qualified person producing the report is not a partner or director of his firm, the production of the report must be directly supervised by a partner or director on behalf of the firm;
(c) the qualified person and his firm's partners, directors, substantial shareholders and their associates must be independent of the listing applicant, its directors and substantial shareholders;
(d) the qualified person and his firm's partners, directors, substantial shareholders and their associates must not have any interest, direct or indirect, in the listing applicant, its subsidiaries or associated companies and will not receive benefits other than remuneration paid to the qualified person in connection with the qualified person's report; and
(e) remuneration paid to the qualified person or the qualified person's firm in connection with the report must not be dependent on the findings of the report.

Added on 1 February 20111 February 2011