European Life Settlement Association (ELSA) releases code of practice

Share

The European Life Settlement Association (ELSA), who recently set up a regulatory committee, have now released a code of practice which aims to provide industry standards for its members to use which will help to protect investors in this market.

The code of practice aims to address various risks such as liquidity, portfolio, concentration of risk for retail investors, commissions, fees, safekeeping of assets or collateral, couterparty risk, longevity risk and U.S. malpractice. Members are advised that they must comply with the code of practice or they will be suspended or thrown out of the association.

Greater transparency and a code of conduct that is adhered to will help to make the life settlements market a safer place for investors and more accepted as an asset class. ELSA are doing good things to address issues with the asset class and have been consulting with the UK Financial Services Authority to ensure its codes are practical.

Print Friendly, PDF & Email

Artemis Newsletters and Email Alerts

Receive a regular weekly email newsletter update containing all the top news stories, deals and event information

  • This field is for validation purposes and should be left unchanged.

Receive alert notifications by email for every article from Artemis as it gets published.

Read previous post:
Pension funds longevity risk fears appear to be decreasing

The results of a survey undertaken by Lucida, an insurance company focused on annuity and longevity risk business, seem to...

Close