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with reference to the IFA practice statement issued by Singapore's Securities Industry Council (SIC) on 25 June 2014 to provide guidance on conditions that apply

with reference to the IFA practice statement issued by Singapore's Securities Industry Council (SIC) on 25 June 2014 to provide guidance on conditions that apply to an IFA's opinion in relation to takeover offers, 1) Examine the role of the IFA, and the limitations they work under. How might these limitations have affected the IFA's valuation of CMA? 2) How do you think the role of the IFA can be improved given the limitations identified in the 1st question?

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