This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
Money Marketing Cover
Categories:Regulation

FSA warns on Exchange Traded Products

  • Print
  • Comment

The FSA says it is concerned the risks of exchange traded products are not being explained to investors and will intervene to prevent consumer detriment.

At the Chartered Institute for Securities & Investment annual conference in London this week, FSA director of conduct policy Sheila Nicoll said the regulator is looking closely at ETPs.

She said: “We share many of the concerns already highlighted by others, such as whether the marketing and promotional material adequately explains the different types of fund strategies and the risks that are involved, for example, products that rely on swap counterparties. In line with the new conduct strategy we launched a year ago, we are committed to intervening early where we identify potential risks and will not wait until those risks have already crystallised.”

Nicoll added that the FSA is working closely with European and international colleagues to tackle the risks.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Do you agree with calls for a flat 30% rate of pensions tax relief?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments