Non-Deposit Investment Product (NDIP)

Forvis Mazars can provide management with an assessment of the bank’s risk as it relates to the Interagency Statement on Retail Sales of Non-Deposit Investment Products issued February 17, 1994. As such, we assess the structure and method of solicitation, adequacy of Internal Controls, and overall administration of non-deposit investment product offerings. Our professionals will use procedures similar to those outlined in the OCC’s Retail Non-Deposit Investment Products booklet issued in January 2015 (OCC Bulletin 2015-2).

We assess the following processes:

• Policy and Procedures
• Licensure
• Training (both in regulatory requirements and sales techniques)
• Required Disclosures
• Suitability Analysis
• Fee Disclosures
• Sales Referral Practices
• Record-Retention Requirements
• Advertising
• Compensation Plans
• Compliance Program for Non-Deposit Investment Products