IOSCO Consultation on Management of Conflicts that Arise in Securities Offerings

22 February 2007

The IOSCO Technical Committee published a consultative discussion paper entitled Market Intermediary Management of Conflicts that Arise in Securities Offerings. The paper deals with the issue of addressing conflicts of interest that may arise when market intermediaries are involved in securities offerings, in particular the management of information flows in conflicted situations.

It describes proposed approaches for addressing conflicts and means of implementation reflecting sound practices. The proposed approaches and means for implementation are for consideration by regulators and market participants, and are not intended to serve as regulations or rules.

Finally, it outlines examples of circumstances in which market intermediaries involved in securities offerings may face potential conflicts of interest, and discusses measures for handling the particular conflicts by reference to case studies.

Deadline for comments is 25 May 2007.

Document

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