The final version of a set of international guidelines for managing the provider-distributor relationship within the structured products industry has been published today by a group of industry bodies.
The stated aim of the principles, which will be tailored to suit the conditions of individual countries, is to address issues that financial services firms have ‘in practice found helpful to consider when performing the function of either provider or distributor in connection with the process of delivering structured products to retail investors.
The document was drawn up by the Securities Industry & Financial Markets Association of New York and Washington, the European Securitisation Forum of London, the Zürich-based International Capital Market Association, the New-York-based International Swaps & Derivatives Association and the London-based Investment Banking Association.
Click here to see the principles in full.