Brexit and Structured Products: A Framework for Considering Disclosures -
The U.K.’s recent referendum to withdraw from the European Union has affected virtually all segments of the financial industry. The structured products area is no exception. Market participants are considering what responses, if any, are appropriate in their structured products offering documents as a result of this development.
In this article, we propose a framework for considering these issues. In particular, these developments impact both the disclosures that individual issuers make about their business and financial results, as well as disclosures specific to any given product and its underlying asset(s).
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