Vote For GA resolution Sophisticated Investors Protocol

[background-block=#265780][hr][center][floatleft][img]https://forum.thenorthpacific.org/images/dispatches/tnp_header.png[/img][/floatleft][size=200][color=#dfecff]General Assembly Vote Recommendation[/color][/size][/center][hr][center][b][size=125] [/size][color=#dfecff]Part of the[/color] [url=/page=dispatch/id=724191][color=#94c248]Information for WA Voters[/color][/url] [color=#dfecff]program[/color][size=125] [/size][/b][/center][hr][/background-block]
[box][size=150][color=#265780]Resolution at Vote: [url=/page=ga]Sophisticated Investors Protocol[/url][/color][/size]
[size=150][color=#265780]Vote Recommendation:[/color] [b]For[/b][/size][/box]

[size=150][color=#265780]Resolution Analysis[/color][/size]
[b]Overview[/b]
This proposal requires member states to indirectly block retail investors from being sold complex financial products, unless they can prove that they have the means to absorb potential losses and the knowledge to understand these products. It also requires sellers of complex financial products to properly disclose risks. Lastly, it prohibits member states from allowing their citizens to buy these products elsewhere, even if the product is not available in the original member state.

[b]Recommendation[/b]
This proposal lets WA members tailor consumer protection rules regarding investments based on their own needs, while imposing a framework that should help promote international trade. We see this proposal as providing a sensible balance between (i) protecting consumers not deeply versed in finance from scams or mistakenly purchase overly complex products and (ii) allowing better resourced investors to purchase such products if they desire.

For the above reasons, the Ministry of World Assembly Affairs recommends a vote [b]For[/b] the GA proposal at vote, "Sophisticated Investors Protocol".

[size=150][color=#265780][url=https://forum.thenorthpacific.org/topic/9196622/]Join our discussion![/url][/color][/size]
[background-block=#265780][hr][center][img]https://forum.thenorthpacific.org/images/ifv/tnp_wa_voting_footer.png[/img]
[b][color=#dfecff]Sponsored by the[/color] [url=http://forum.thenorthpacific.org/forum/39609/][color=#94c248]Ministry of World Assembly Affairs[/color][/url] [color=#dfecff]of The North Pacific.[/color][/b][/center][hr][/background-block]