Guidelines on the standards of conduct expected of financial advisers and their representatives when advising on structured deposits.
Notice FAA-N11 Dual Currency Investments
Requirements for financial advisers when advising on dual currency investments.
This notice applies to all licensed financial advisers, exempt financial advisers and their representatives, who advise on any dual currency investment. It will not apply where advice is given to accredited investors, expert investors, institutional investors and high net worth individuals.
It sets out requirements for:
- Use of the terms "Deposit" and "Structured Deposit".
- Disclosure of additional product information.
- Provision of risk warnings to clients.
- Observance of the provisions in the guidelines on structured deposits.