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The Joint Associations Committee published an exposure draft of the new set of principles for managing the distributor-individual investor relationship.
The global, non-binding, Principles address a wide range of issues affecting distribution of structured products to individual investors and complement the JAC’s “Principles for Managing the Provider-Distributor Relationship,” which were released in July 2007.
“These global Principles reflect collective industry expectations of integrity, professionalism, and ethical conduct in the retail structured products market,” said Timothy Hailes, chairman of the joint-associations working group.
The Principles are the product of a coalition of trade associations that form the JAC, which comprises: European Securitisation Forum (ESF), International Capital Market Association (ICMA), London Investment Banking Association (LIBA), the International Swaps and Derivatives Association (ISDA) and SIFMA.
Deadline for comments is