The City and Financial group of the IPR has put forward its first
proposals on the issue of self-regulation for financial PR firms.
At a round-table session last week, a dozen leading consultants and in-
house PR directors met with representatives from the Stock Exchange and
the Securities and Investment Board to discuss measures to curb leaks of
price-sensitive information and other irregularities.
Proposals included the establishment of a code of conduct endorsed by at
least one City regulator and the establishment of a register of
financial PR practitioners. The IPR already operates a register for
The register would list individuals and firms who agreed to conform to
the code while rule breaches would be dealt with by removing members
from the register accompanied by widespread publicity about the
The group’s vice-chairman, Paul Barber, stressed that the proposals did
not form part of a definitive blueprint.
‘Clearly no-one wants more regulation than is absolutely necessary, but
we want to take the debate forward,’ said Barber.