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7. Obligation
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7.4 Standards of financial
products |
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Article 219-Standards
of Financial products
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| 219.1 |
Standards of Financial
products |
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Standards of financial instruments are similar in part to standards of financial products, except that financial products are more adequately defined as an end result, whereas financial instruments are used to effect an end result. |
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Stable and reliable financial products are a vital element of a healthy and sustainable economy. Therefore standards that seek to enforce best practice and simplified process greatly assist the enforcement and fairness of law. |
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