Clifford Chance

IMA republishes Transaction Guidelines

17 December 2014

Following the merger of ABI Investment Affairs with the Investment Manager's Association (IMA) in June 2014, the enlarged IMA (to be renamed The Investment Association in January 2015) has assumed responsibility for the Transaction Guidelines previously published by the ABI. These guidelines make recommendations in relation to (1) IPOs, including the size of syndicates and the payment of discretionary fees, (2) secondary offerings, including reducing underwriting fees and (3) the role played by INEDs on corporate transactions. On 10 November 2014, the IMA republished the Transaction Guidelines, although it has not made any substantive changes to the text.

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