Joint Forum Publishes Recommendations For Point Of Sale Disclosure In The Insurance, Banking And Securities Sectors

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The Joint Forum published a report on the differences to point of sale disclosure in investment or savings products in the insurance, banking and securities sectors.
United States Finance and Banking

On 30 April 2014, the Joint Forum published a report on the differences to point of sale disclosure in investment or savings products in the insurance, banking and securities sectors, including recommendations for aligning those disclosure requirements across the different sectors. The Joint Forum is made up of the Basel Committee on Banking Standards, the International Association of Securities Commissions and the International Association of Insurance Supervisors. The recommendations are intended as guidance to regulators that are considering developing or reviewing their point of sale disclosure requirements.

The report is available at: http://www.bis.org/publ/joint35.pdf.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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