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Public statement on the provision of advice, arrangement of a deal, or exercise of discretion in relation to higher risk investments for retail investors 18 December 2012

The Financial Supervision Commission (“the Commission”) has today released a public statement on the provision of advice, arrangement of a deal, or exercise of discretion in relation to higher risk investments for retail investors.

The Commission is issuing this statement because it has concerns over the sale of higher risk investment products to retail investors. Higher risk investment products are generally unsuitable for retail investors whether they are held directly or via indirect methods such as within life policies etc. The statement explains what higher risk investment products are; why the Commission is concerned and what it is doing to address these concerns.

Copies of the public statement can be found on the Commission’s website at:

http://www.fsc.gov.im/beingregulated/post1808licenceholders.xml

Enquiries or comments:

Mrs Shirley E Corlett
Deputy Director – Policy and Legal
Policy and Legal Division
Tel: (01624) 689323

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