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 e-mail every time it’s revised, within one year from the last date of purchase.
We’re Here to Help
BankPolicies.com provides digital access to over 500 professional bank policy, job description, and form templates for automatic download.
BankPolicies.com keeps your financial institution up to date with the latest bank policy standards and industry best practices. Purchase your bank policies from us today and rest easy knowing you have the right team helping you and your organization stay compliant. We are ready to earn your business for all of your bank policy needs. Order your policy template today.