Structured notes, structured deposits, ETFs and mutual funds are among the investments products covered by the new rules.
The Insurance Commission of the Philippines (ICP) has unveiled omnibus guidelines that allow the country’s insurance companies, reinsurers and mutual benefit associations to invest in more financial products including structured products. In a circular issued on 8 April, the Philippine insurance regulator states structured products, such as credit-linked notes (CLNs), equity-linked notes (ELNs), funded fixed rate notes, principal-protected notes (PPNs), bond-linked notes and structured de