ICMA’s work in the primary markets, in which new securities are issued to raise capital, is based on a strong legacy from the International Primary Market Association (IPMA), one of ICMA’s predecessor organisations.

ICMA Primary Market Handbook (previously the IPMA Handbook)
Guidance and recommendations on the processes and documentation required for the issuance of international securities

Primary market committees

• ICMA Primary Market Practices Committee
• ICMA Asia Bond Syndicate Forum
• ICMA Legal and Documentation Committee
• ICMA Asia Legal & Documentation Forum
• ICMA Euro Commercial Paper Committee
• Public Sector Issuer Forum (PSIF)
• ICMA Corporate Issuer Forum (CIF)
• ICMA Financial Institution Issuer Forum (FIIF)

Primary market topics

• Accounting and auditing
• Benchmark reform and transition to risk-free rates
• Collective action clauses
• Conduct of business (MiFID)
• Primary markets conduct (non-MiFID)
• Electronification – Notably July 2018 Electronification in primary bond markets paper and also (under the “Primary markets” tab) New FinTech applications in bond markets
• Dialogue with investors
• Initial disclosure (Prospectus and PRIIPs)
• Market infrastructure and asset servicing
• Market abuse Regulation (MAR)
• Periodic reporting / continuing obligations
• Taxation
• Other

Primary market courses

• Introduction to Primary Markets Qualification - IPMQ (3 day foundation qualification)
• ICMA Primary Market Certificate - PMC (5 day advanced qualification)
• ICMA Workshop: Bond syndication practices for compliance professionals and other non-bankers – See events calendar

Capital market products

• Bank capital
• Euro Commercial Paper
• Green, Social and Sustainability bonds
• Infrastructure financing
• Islamic Finance
• Private placements
• Retail structured products
• Securitisation
• Sovereign Debt

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Contacts: 

Ruari Ewing
Senior Director, Market Practice and Regulatory Policy; secretary to the ICMA Primary Market Practices Committee and related groups.
Direct line: +44 20 7213 0316
EMAIL | DOWNLOAD BUSINESS CARD

Charlotte Bellamy
Director, Market Practice and Regulatory Policy; secretary to the ICMA Legal & Documentation Committee and related groups.
Direct line: +44 20 7213 0340
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David Hiscock
Senior Director, Deputy Head, Market Practice and Regulatory Policy; secretary to the ICMA Regulatory Policy Committee and to the ICMA Euro Commercial Paper Committee (ECP).
Direct line: +44 20 7213 0321
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Katie Kelly
Senior Director, Market Practice and Regulatory Policy; Secretary to the ICMA Financial Institution Issuer Forum (FIIF).
Direct line: +44 20 7213 0331
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Nicholas Pfaff
Senior Director, Market Practice and Regulatory Policy; Secretary to the Public Sector Issuer Forum (PSIF)
Direct line: +33 1 70 17 64 72
EMAIL | DOWNLOAD BUSINESS CARD