{"id":21642,"date":"2018-02-22T09:24:05","date_gmt":"2018-02-22T08:24:05","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=21642"},"modified":"2018-02-22T09:24:05","modified_gmt":"2018-02-22T08:24:05","slug":"iosco-tackle-conflicts-interest-equity-capital-raising-process","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/iosco-tackle-conflicts-interest-equity-capital-raising-process\/","title":{"rendered":"IOSCO to Tackle Conflicts Of Interest In Equity Capital Raising Process"},"content":{"rendered":"

The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process.<\/p>\n

\u00a0 Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten the integrity and efficiency of equity capital raising, damage investor confidence and undermine capital markets as an effective vehicle for issuers to raise funding.<\/p>\n

\u00a0To help regulators identify and address these issues, IOSCO\u00a0on Wednesday<\/span><\/span>\u00a0issued the consultation report\u00a0<\/a>Conflicts of interest and associated conduct risks during the equity capital raising process. \u00a0\u00a0<\/a><\/p>\n

\u00a0The report describes the key stages of the equity raising process where the role of intermediaries might give rise to conflicts of interest, and it requests public comment on IOSCO\u00b4s proposed guidance for tackling these issues. The guidance comprises eight measures that are grouped according to the various stages in the capital raising process. Each group of measures addresses the following specific conflicts of interest:<\/p>\n

\u00a0\u00b7 Guidance to address conflicts of interest and pressure on analysts during the formative, pre-offering phase of a capital raising;<\/p>\n

\u00b7 Guidance to address conflicts of interest during the allocation of securities;<\/p>

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Advertisement<\/div>\r\n\t\t\t\t\t\t\t<\/a>\r\n \r\n\t\t\t\t\t\t\t<\/div>\n

\u00b7 Guidance to address conflicts of interest in the pricing of securities offerings; and<\/p>\n

\u00b7 Guidance to address conflicts of interest and conduct risks stemming from personal transactions by staff employed within firms managing a securities offering.<\/p>\n

IOSCO believes that the Guidance could help enhance the range and quality of timely information made available to investors during equity capital raising, improve the transparency of allocations, and increase the efficiency and integrity of the overall process.<\/p>\n

\u00a0 Responses to a survey of IOSCO members indicated that while different jurisdictions share some common characteristics, they tend to have different market practices and different legal and regulatory frameworks governing the equity capital raising process. As a result, the severity of the conflicts of interest and associated misconduct risks, and the harm they can inflict, vary across jurisdictions. Consequently, the guidance is designed to provide IOSCO members with a degree of flexibility over how they implement the measures domestically, to ensure that these measures are appropriate for the legal and regulatory framework and the specific risks arising in each jurisdiction.<\/p>\n

\n

\u00a0 IOSCO in a statement explained that public comments on the consultation paper on equity capital financing\u00a0should be submitted on or before\u00a04 April 2018<\/span><\/span>.<\/p>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated misconduct risks that may arise during the equity capital raising process. \u00a0 Conflicts of interest and associated conduct risks stemming from the role of intermediaries can threaten the integrity and efficiency of …<\/p>\n","protected":false},"author":6,"featured_media":21396,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[3218],"coauthors":[2391],"class_list":["post-21642","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-iosco"],"yoast_head":"\nIOSCO to Tackle Conflicts Of Interest In Equity Capital Raising Process - National Wire<\/title>\n<meta name=\"description\" content=\"The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/iosco-tackle-conflicts-interest-equity-capital-raising-process\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"IOSCO to Tackle Conflicts Of Interest In Equity Capital Raising Process - National Wire\" \/>\n<meta property=\"og:description\" content=\"The Board of the International Organization of Securities Commissions (IOSCO) is proposing guidance to help its members address conflicts of interest and associated\" \/>\n<meta property=\"og:url\" content=\"https:\/\/nationalwire.com.ng\/sub\/iosco-tackle-conflicts-interest-equity-capital-raising-process\/\" \/>\n<meta property=\"og:site_name\" content=\"National Wire\" \/>\n<meta property=\"article:published_time\" content=\"2018-02-22T08:24:05+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/02\/iosco.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"730\" \/>\n\t<meta property=\"og:image:height\" content=\"440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Friday Ekeoba\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/#website\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/\",\"name\":\"National Wire\",\"description\":\"About Nigerians, Nigerian Business and Other Stories\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/nationalwire.com.ng\/sub\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/iosco-tackle-conflicts-interest-equity-capital-raising-process\/#primaryimage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/02\/iosco.jpg\",\"contentUrl\":\"https:\/\/nationalwire.com.ng\/sub\/wp-content\/uploads\/2018\/02\/iosco.jpg\",\"width\":730,\"height\":440,\"caption\":\"iosco\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/nationalwire.com.ng\/sub\/iosco-tackle-conflicts-interest-equity-capital-raising-process\/#webpage\",\"url\":\"https:\/\/nationalwire.com.ng\/sub\/iosco-tackle-conflicts-interest-equity-capital-raising-process\/\",\"name\":\"IOSCO to Tackle Conflicts Of Interest In Equity Capital Raising Process - 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