Non-Deposit Investment Products Policy
This Non-Deposit Investment Products Policy addresses the referral, sale, promotion, and marketing of non-deposit investment products (NDIP) to individual customers of a bank, credit union, fintech company, or other type of financial institution.
Table of Contents
- Purpose and Contents – Topic 1
- Policy Statement – Topic 2
- Structure of Accountability – Topic 3
- Risk Management – Topic 4
- Scope of Retail Sales – Topic 5
- Types of NDIPs and Related Services – Topic 6
- NDIP Delivery Channels – Topic 7
- Regulatory Authority and Framework for NDIP Sales Activities – Topic 8
- Regulatory Risk Assessment Process – Topic 9
- Model Risk Management Program Policy Reference – Topic 10
- Third-Party Management – Topic 11
- Compliance Program – Topic 12
- Independent Risk Management Program – Topic 13
- Product Selection – Topic 14
- Setting and Circumstances – Topic 15
- Disclosures and Advertising Requirements – Topic 16
- Regulation Best Interest and Suitability Standards – Topic 17
- Compensation – Topic 18
- Other Services Provided – Topic 19
- Audit Policy – Topic 20
- Staff Training and Qualifications – Topic 21
- Retention of Documentation – Topic 22
Recent updates to this product:
07/15/24 Update
OCC Bulletin 2024-13 – Retail Non-Deposit Investment Products: Revised Comptroller’s Booklet and Rescissions
This Non-Deposit Investment Products Policy (approximately 60 pages) is available to purchase from BankPolicies.com in Microsoft® Word format.
Product Update Protection Plan
Ensure your purchase from BankPolicies.com remains current by adding a Product Update Protection Plan to your shopping cart. You’ll automatically receive an updated version via email every time it’s revised, within one year from the last date of purchase.
