Regulatory Alerts2012-10-12
Recommendation 2012-R-02 of October 12, 2012, on the marketing of term deposits, as amended
The ACPR issues this recommendation to establish good practices for the marketing of term deposits to retail customers, aiming to enhance transparency and prevent misleading communications. It mandates that financial institutions clearly disclose product nature, interest rates, fees, and early withdrawal penalties in both advertising and pre-contractual documents. The regulation further requires periodic information updates for variable-rate accounts and ensures clients understand the specific conditions and risks associated with their investments.
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