IPMA MAKES A START ON GUIDELINES
The bond issuing houses now have some guidelines for their future conduct, approved unanimously by the board of the International Primary Markets Association (IPMA).
IPMA, along with the Association of International Bond Dealers and the London Stock Exchange, will be answerable for the International Securities Regulatory Organization, when it is licensed at the end of this year by the Securities and Investment Board.
As a non-regulatory body, IPMA has drawn up guidelines in the knowledge that, if it fails to keep its own house in order, others will step in.
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