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Directors should scrutinise IFA opinions, IFAs must not be swayed by conflicts: SGX RegCo

Yong Jun Yuan

Yong Jun Yuan

Published Mon, Jul 3, 2023 · 05:00 AM
    • The issuance of new guidelines follow some controversial independent financial adviser opinions in the past year.
    • The issuance of new guidelines follow some controversial independent financial adviser opinions in the past year. PHOTO: BT FILE

    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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