UK law sparks bonfire of ‘unfair’ structured product terms

Obscure provisions in UK Consumer Rights Act could threaten issuance programmes

contracts-bonfire
Legal teams are busy eradicating problematic terms from product documentation

For most people, consumer rights laws are typically relied upon only when trying to return items such as a faulty toaster to a department store. In the UK, however, dealers are fretting that new consumer protection legislation could unexpectedly catch structured products sold to retail clients, sparking a scramble to purge documentation of terms that could be considered unfair, or even to redesign some products entirely.

"If you are not aware of it, you should be. It captures a wide range of

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here