The International Organization of Securities Commissions has published a final report on "Suitability Requirements with respect to the Distribution of Complex Financial Products", which sets out principles relating to the distribution by intermediaries of complex financial products to retail and non-retail customers. The report, which forms part of IOSCO's continuing drive to promote customer protection, introduces nine principles that cover the following areas related to the distribution of complex financial products by intermediaries: Classification of customers General duties irrespective of customer classification Disclosure requirements Protection of customers for non-advisory services Suitability protections for advisory services (including portfolio management) Compliance function and internal suitability policies and procedures Incentives EnforcementAlthough complex financial products may not be necessarily more risky than standard financial instruments,
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