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Requirements for pre-contract disclosure of terms and conditions of investment deposits

06.10.2008

On 8 September 2008, FSA Guidelines on “Requirements for Pre-Contract Disclosure of Terms and Conditions of Investment Deposits” entered into force. The purpose of the Guidelines is to increase the transparency of investment deposit service and help clients to better understand the essence of investment deposit.

The FSA Guidelines define the information that credit institutions are to disclose to clients before contracting for an investment deposit, i.e. a term-deposit with an interest rate directly correlated to the value or volatility of financial instruments or other assets.

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