Norway tightens rules on retail structured products

“We made an enquiry this autumn which showed that many of the retail investors had bad investments with very low profits, especially those with a credit scheme,” says Eystein Kleven, head of section, securities institutions at Kredittilsynet, Norway’s FSA. The new regulations make it illegal for advisors to promote structured products to retail customers, as the government maintains that most Norwegians, or non-professionals, do not understand them.

“The regulations make it illegal for adviso

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