PwC's Managing upstream risk: Regulatory reform review - An asian perspective August 2013 | Page 25

• Jurisdictions should consider implementing a concise written or electronic POS disclosure document for the product sample identified in this report, taking into account the jurisdiction’s regulatory regime. • The POS disclosure document should be provided to consumers free of charge, before the time of purchase. • A jurisdiction considering POS disclosure should consider requiring that a POS disclosure document disclose key characteristics including costs, risks and financial benefits or other features of a given product and any underlying or referenced assets, investments or indices, irrespective of the financial sector from which the products are derived. • The POS disclosure document should be clear, fair, not misleading and written in a plain language designed to be understandable by the consumer.

• The POS disclosures should include the same type of information to facilitate comparison of competing products. • The POS disclosure document should be concise, set out key information about a product and may include, as appropriate, links or refer to other information. It should make clear that it does not provide exhaustive information. •