The Dutch Structured Product Association (NEDISPA) announced that it has become a member of the European Structured Investment Products Association (EUSIPA).
EUSIPA focuses on achieving a fair regulatory framework for the certificates and warrants markets and promotes product transparency and standardisation across Europe.
NEDSIPA, founded in October 2013 by ABN Amro, ING, Commerzbank, Citi and Royal Bank of Scotland (RBS), aims to educate investors and interact proactively with national regulator Autoriteit Financiële Markten (AFM). AFM, which supported both NEDSIPA’s creation and its joining of EUSIPA, suggested in a July 2013 that the association’s formation would contribute positively to further developing a professional and fair retail structured products market.
The membership association will initially focus on standardising the issuing process of leveraged products, as well as harmonising product information across issuers. It intends to represent issuers’ interests on topics relevant to the Dutch structured products market, from implementing market standards to regulation.
NEDSIPA’s board is comprised of chairman Jan Erftemeijer (ABN Amro), treasurer Erik Mauritz (RBS) and secretary general Neelie Verlinden (Commerzbank).
“NEDSIPA was created to achieve fair and competitive standards for Dutch retail markets,” said Erftemeijer. “In the context of national and European regulatory debates around structured products, our formation and our joining EUSIPA both send a strong signal that local issuers are committed to further developing a market that already has a strong investor base and attractive product landscape.”
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