*Letters

SIA Submits Comments to the FSA on Consultation Paper 171

Published on:
May 12, 2003

The Securities Industry Association (SIA)* provides comments to the Financial Services Authority(FSA) on Consultation Paper 171. SIA suggests whichever approach is used for soliciting investment banking business, regulators should clarify that they do not intend to proscribe the ability of research analysts to communicate with an issuer prior to receiving an investment banking mandate to determine if the transaction is in the interests of investors. SIA also suggests that the FSA withdraw the requirement as to whether a firm expects to have an investment banking mandate or to manage any issues of securities for a subject company within 6 months and to replace it with clear language in research reports warning recipients that they should assume that the firm seeks or intends to seek investment banking business with the subject company.

*SIFMA is the product of a merger between the Securities Industry Association(SIA)and The Bond Market Association (TBMA) in 2006.

Details

Download

More Content

  • Amicus Briefs
    Oct 05, 2026

    In re The Boeing Company Securities Litigation

  • Letters
    Oct 05, 2026

    Reducing Duplicative Regulation and Expanding Exemptions for Commodity Pool Operators and Commodity Trading Advisors

    SIFMA AMG comments on CFTC proposals to reduce duplicative regulation for certain CPOs and CTAs and account for inflation.
  • Letters
    Sep 30, 2026

    Proposed Rule Change to Amend FINRA Rules 0150, 2165, 4512 and to Adopt FINRA Rule 2166

    SIFMA Comments to SEC in support of the proposed rule changes to improve the utilization of Rules 2165 and 4512, as well as the new Rule 2166 to allow for a temporary delay for suspected fraud.

Get the latest trends, stats, and research on financial markets and securities.