Entire Section
COB 6.3.5 COB 6.3.5
If an
Authorised Firm acts as a manager or co-manager of an initial public offering or a secondary offering, it must take reasonable steps to ensure that:(a) it does not publishInvestment Research relating to theInvestment during aQuiet Period ; and(b) anInvestment Analyst from theAuthorised Firm does not make aPublic Appearance relating to thatInvestment during aQuiet Period .Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]COB 6.3.5 Guidance
The DFSA does not consider the same conflicts of interest mentioned in this section arise if an
Investment Analyst preparesInvestment Research solely for anAuthorised Firm's own use and not for publication. For example, if the research material is prepared solely for the purposes of theAuthorised Firm's proprietary trading then the use of this information would fall outside the restrictions placed on publications.Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]