The Office of the Comptroller of the Currency issued guidelines last week for banks selling retail nondeposit investment products, such as mutual funds and annuities. Excerpts follow.

Banks should adopt a statement describing the features of the sales program, the roles of bank employees, and the roles of third-party entities.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.