Agents of financial institutions who sell participation in pooled trust funds must now pass a rigorous licensing program to help ensure that clients are fully apprised of the risks involved in theseinvestments. In a press statement, the Bangko Sentral ng Pilipinas (BSP) said its Monetary Board recently approved the amendment of existing regulations to strengthen the qualification requirements of Unit Investment Trust Fund (UITF) marketing personnel. "The new rule requires all personnel involved in the sales and marketing of UITF to be certified through a certification program administered by a reputable financial services industry association/organization acceptable to the ...
Keep on reading: BSP tightens license rules for sale of pooled trust investments
from INQUIRER.net https://ift.tt/2qhU74T
-
WASHINGTON --- Democratic congresswoman Katie Hill of California has resigned amid an ethics probe and revelations of an affair with a campa...
-
MANILA, Philippines --- The Philippines will experience its longest day of the year on June 21, the Philippine Atmospheric, Geophysical and ...
-
Here are the big sports events lined up for Tuesday (May 28) that comprise the action from ICC World Cup 2019 warm-up match between India an...
No comments:
Post a Comment