Client Update: ASIC sell-side research consultation and proposed regulatory guidance

ASIC's new regulatory guidance focuses on managing conflicts of interest and material, non-public information when providing sell-side research. As well as providing extensive guidance on managing conflicts of interest during the capital raising process, ASIC provides its views on payment of discretionary fees, and the funding and structure of the research arm of banks, as well as foreshadowing a further view on allocation policies. Partner Julian Donnan and Senior Associate Addison Ma report.

from Allens Banking & Finance publications http://www.allens.com.au/pubs/cm/cucm4jul17.htm