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6A.41

The written engagement agreement of a capital market intermediary pursuant to rule 6A.40 must at least specify the following:
 
(1) the roles and responsibilities of the capital market intermediary;
 
(2) the fee arrangement (including the fixed fees to be paid to the capital market intermediary as a percentage of the total fees to be paid to all syndicate CMIs);
 
(3) the time schedule for payment of the fees to the capital market intermediary; and
 
(4) (for placing in connection with a New Listing) the obligations of the new applicant and its directors to provide the assistance specified in rule 6A.48.
 
Note: The total fees in this rule, also commonly referred to as “underwriting fees”, include fixed and discretionary fees for providing one or more of the following services to the issuer: providing advice, marketing, bookbuilding, making pricing and allocation recommendations and placing the equity securities with investors.