A Licensed Person must take the necessary arrangements to ensure that the following restrictions are satisfied: 1. The financial analysts must not trade in Securities, for their own account or on behalf of another Person, which is the subject of the investment research that has not been published yet. 2. The financial analysts and other persons involved in the production of the investment research may not obtain any benefit from those with material interest in the subject matter of the investment research. 3. The Licensed Person, the financial analysts and other persons involved in the production of investment research must not promise Issuers favourable research coverage. 4. The Issuer or any other Person must not, before the dissemination of investment research, be permitted to review a draft of the investment research for the purpose of verifying the accuracy of factual statements made in that investment research, or for any other purpose other than verifying compliance with the Licensed Person’s legal obligations, if the draft includes a recommendation or a target price.