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Asic tightens screws on Australian structured products market

The Australian Securities and Investment Commission (ASIC) has updated the guidance on product disclosure statements for issuers of capital protected products and retail structured or derivative products, according to a statement. Asic had recommended a clear explanation of counterparty risks to ensure that investors can assess the issuer’s financial ability to meet its counterparty obligations. Asic also states that issuers…

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