职能与资料分隔制度的中文解释
指为防范价格敏感资料在同一金融机构内的交易、基金管理及企业融资部门之间传递的措施。例如,如果企业融资部门将即将进行的收购计划告知交易部门,会被视为不适当的行为,在一些国家甚至是非法的。
Chinese Wall的英文解释
Rules designed to prevent price-sensitive information seeping between the dealing, fund
management and corporate
finance operations within the same
investment house. For example, it would not be considered appropriate, and in some countries it is illegal, for a corporate
finance team to
notify its own in-house share
dealing department of an
impending takeover bid.