[London, UK, 7^th June 2023] – The European Life Settlement Association (ELSA), a leading trade association committed to advancing the life settlement industry, is pleased to announce the release of an educational factsheet that delves into the details of the ELSA Code of Practice (the Code). This comprehensive resource provides a summary of the Code, its historical context, and its four core sections, offering valuable insights into member conduct, product design, disclosure and reporting, and sales and marketing practices.

The newly launched factsheet serves as a vital tool for industry professionals, members, and stakeholders seeking a deeper understanding of the Code and its significance within the life settlement sector. The Code aims to promote transparency, ethical standards, and best practices throughout the industry.

Key highlights of the factsheet include:

1. Member Conduct (Section A): This section outlines the expected conduct and professional behavior for ELSA members.
2. Product Design (Section B): The factsheet explores the crucial aspects of product design, focusing on the need for member organizations to develop life settlement products that align with consumer interests, adhere to regulatory guidelines, and ensure appropriate risk assessment.
3. Disclosure and Reporting (Section C): This section highlights the importance of comprehensive disclosure and reporting practices. It emphasizes the responsibility of ELSA members to provide clear and accurate information to policyholders, investors, and regulators, promoting transparency and informed decision-making.
4. Sales and Marketing (Section D): The factsheet addresses the key principles related to sales and marketing activities within the life settlement industry. It underlines the significance of fair and responsible marketing practices, avoidance of misleading information, and compliance with relevant regulations and guidelines.