Sector Regulation Sector Regulation

SPAC governance, transparency and pay packages need to improve, says Iosco's Servais

By Jack Schickler
  • 27 Aug 2021 10:50
  • 27 Aug 2021 10:50
The business models of special purpose acquisition companies, or SPACs, leave “room for improvement,” the head of a new global regulatory network looking at the burgeoning market in empty-shell investments has told MLex, citing concerns over governance, transparency and outlandish pay packets.

Worries over investor protection and disorderly markets caused the International Organization

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