Five trade associations who are co-sponsors of the Joint Associations Committee (JAC) have released Structured Products: Principles for Managing the Distributor-Individual Investor Relationship.


The global, non-binding principles address a wide range of issues affecting distribution of retail structured products to individual investors, said a release from the committee.


The new principles follow the JAC’s Principles for Managing the Provider-Distributor Relationship, released July 2007.


The JAC said the second set of principles, used for public comment on May 12 and to be published in final form today, emerge after additional discussion and syndication.


JAC Chairman Timothy Hailes said the principles represent market participants’ common values in working to promote a healthy retail structure products market.

The five co-sponsors include: European Securitization Forum (ESF), International Capital Market Association (ICMA), London Investment Banking Association (LIBA), the International Swaps and Derivatives Association (ISDA), and Securities Industry and Financial Markets Association (SIFMA).

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