Merchant banker self-dealing prohibition bars lead management and other regulated activities connected to the merchant banker's own issue. Regulation 21B imposes a conflict-of-interest prohibition on merchant bankers in respect of their own securities issues. A merchant banker cannot lead ... Summary
Merchant banker self-dealing prohibition bars lead management and other regulated activities connected to the merchant banker's own issue.
Regulation 21B imposes a conflict-of-interest prohibition on merchant bankers in respect of their own securities issues. A merchant banker cannot lead manage its own issue or be associated with any other activity carried out under regulations made by the Board when that activity concerns its own issue. The restriction forms part of the general obligations and responsibilities applicable to merchant bankers.
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