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Are there extra rules that firms must comply with when selling riskier products?

April 26, 2017comply extra firms products riskier rules Selling

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Are there extra rules that firms must comply with when selling riskier products?

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There are no additional BCOBS rules for riskier products, other than the guidance at BCOBS 2.4.1 on financial promotions relating to structured deposits. However, in the application of the BCOBS rules, we expect firms to consider the particular features of the product. For example, under the appropriate information rule, the guidance at 4.1.5G indicates that the information required may vary, taking into account the overall complexity, main benefits, risks, limitations, condition and duration of the product or service.