Financial Services Authority Consultation on Structured Product Development and Governance

The Consultation sets out the Financial Services Authority’s proposed guidance to product providers on their internal systems and controls relating to the development, design, marketing and distribution of structured products. In particular, it focuses on ensuring that such systems are adequate, in the context of what it sees as the increasing popularity and complexity of structured products, to minimise the risk of poorly-designed products and mis-selling, or mis-buying, further down the production/distribution chain. The focus of the Consultation is on the ways in which structured investment products (both principal protected and non-principal protected) and structured deposits are designed and marketed to meet the needs of target customers, as well as the post-sales responsibilities of firms. 

Originally Published: 
02/11/2011