COBS 6.4.6 Disclosure
(a) When an Authorised Person accepts a mandate to manage an Offer, it must take reasonable steps to disclose to its corporate finance Client:
(i) the process the Authorised Person proposes to adopt in order to determine what recommendations it will make about allocations for the Offer;
(ii) details of how the target investor group, to whom it is planned to Offer the Securities, will be identified;
(iii) the process through which recommendations are prepared and by whom; and
(iv) (if relevant) that it may recommend placing Securities with a Client of the Authorised Person for whom the Authorised Person provides other services, with the Authorised Person's own proprietary book, or with an Associate, and that this represents a potential conflict of interest.