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Article: UK companies caution FSA on analyst independence rules.
- Article from:
- Financial News
- Article date:
- October 28, 2002
CopyrightCOPYRIGHT 2002 Financial News Publishing Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Yasmine Chinwala
The Investor Relations Society, the UK industry body, has urged the Financial Services Authority (FSA), the UK market regulator, to focus on enforcing existing rules concerning analysts' independence, rather than adding to the regulatory burden.The society, whose members include representatives from the majority of FTSE 250 companies, is responding to the FSA's discussion paper about conflicts in investment research, launched earlier this year. The public consultation is part of the FSA's review of its rules on the conflicts of interest at investment banks following the scandals in the US, particularly Salomon Smith Barney telecoms ...