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Directors should scrutinise IFA opinions, IFAs must not be swayed by conflicts: SGX RegCo
Yong Jun Yuan
Published Mon, Jul 3, 2023 · 05:00 AM
COMPANY directors should scrutinise any opinion delivered by an independent financial adviser (IFA), especially if the IFA’s analysis appears insufficient.
IFAs, meanwhile, must not tailor their opinions to support any parties or outcomes.
These are some of the guidelines on IFAs released by Singapore Exchange Regulation (SGX RegCo) on Monday (Jul 3), to supplement guidance given by the Securities Industry Council.
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