On 18 April 2013, the International Organization of Securities Commissions (IOSCO) opened a consultation (closing 13 June 2013) on the regulation of retail structured products. Among other things, the report:
provides background to the project,
describes the work undertaken by the working group on retail structured products of IOSCO's task force on unregulated markets and products (TFUMP),
analyses trends in the retail structured product market,
proposes a regulatory toolkit that IOSCO members could use in their regulation of retail structured products.
IOSCO looked at the market's drivers for supply-side (issuer and distributor) behaviour and demand-side (investor) behaviour. The working group looked along the market's value-chain, from issuance to distribution to investment.