In This Issue:
Complex Products and Conducting a Reasonable Basis Suitability Review; Guidelines for Presenting Backtested Performance Data; IOSCO Final Report on Principles for Financial Benchmarks; Protect Your Elders, Part II; “Retailisation” of Structured Products in the EU; FINRA FAQ on TRACE Reporting and Variable Price Reofferings; FINRA Postpones Rule Requiring Disclosure of Enhanced Compensation; and iShares Changes Names of Widely Used ETFs.
Excerpt from Complex Products and Conducting a Reasonable Basis Suitability Review -
In the past several years, FINRA has paid substantial attention to the suitability of structured products for particular investors, issuing a variety of new rules and regulatory notices. These include, but are not limited to, FINRA’s revised suitability rule, Rule 2111, and its guidance for complex securities set forth in Regulatory Notice 12-03.
Please see full issue below for more information.
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Topics: Disclosure Requirements, EU, Executive Compensation, FINRA, IOSCO, Reporting Requirements, Retail Market
Published In: General Business Updates, Finance & Banking Updates, International Trade Updates, Securities Updates
DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.
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