Which statement is NOT a placement disclosure requirement?

Which statement is NOT a placement disclosure requirement?

• A. They must be printed in red ink on the GPL.
• B. They must be presented in a clear and conspicuous manner.
• C. They must be exactly as prescribed by the Rule.
• D. They must use identical wording as given in the Rule.

Answer: (D)

Placement disclosures are intended to ensure consumers can easily find and understand the pricing and service information. Two requirements are clear: the disclosures must be presented in a clear and conspicuous manner, and they must be printed in red ink on the General Price List to make them stand out. However, the rule does not require you to copy the wording verbatim from the rule itself. You can convey the necessary information in your own plain language as long as the essential disclosures are included accurately. Therefore, insisting that the disclosures must be exactly or identically worded as the Rule is not a placement requirement.

Placement disclosures are intended to ensure consumers can easily find and understand the pricing and service information. Two requirements are clear: the disclosures must be presented in a clear and conspicuous manner, and they must be printed in red ink on the General Price List to make them stand out. However, the rule does not require you to copy the wording verbatim from the rule itself. You can convey the necessary information in your own plain language as long as the essential disclosures are included accurately. Therefore, insisting that the disclosures must be exactly or identically worded as the Rule is not a placement requirement.