Asifma issues POA guidelines for HK IPOs

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By Jonathan Breen
24 Oct 2016

The Asia Securities Industry & Financial Markets Association has published a set of guidelines for managing powers of attorney (POA) on Hong Kong IPOs.

The independent body released the guidelines last week to address POA agreements signed with syndicate members, which typically give the top tier banks on a deal power to make decisions. This can be on anything from the underwriting amount to the maximum size of the offering. 

The practice ...

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