Appropriateness Test. 6.5.1 Before entering into any Transaction related to the Brokerage Services, the Broker will assess each Financial Instrument as being suitable and appropriate to the Client’s risk profile, related experience and financial situation. In addition, the Broker will assess if the financial instrument’s characteristics are consistent with the needs and characteristics of the Client. If, based on the information provided by the Client, certain Financial Instruments will be deemed as inappropriate, the Broker will inform the Client in a written form of any potential risks related to this Financial Instrument. Such Transaction may be executed only after such notification and subsequent receival of the confirmation from the Client of understanding all the indicated risks, unless the Client will provide special instructions.
Appropriateness Test. In the case of the Intermediation of Trades service, the Platform shall ascertain the Client´s expertise and experience in the field of investments, as well as other information in order to assess whether the Client´s Orders correspond to the expertise and experience necessary to understand the risks involved, or whether the provision of the service is appropriate for the Client, and whether the financial instrument Ordered corresponds to the needs of the target market for such instrument. If the Orders are unreasonable in light of the information obtained by the Platform from the Client, the Platform shall notify the Client of this fact. The same policy applies where the Client fails to provide complete, accurate, truthful or up-to-date information or even refuses to provide it altogether.
Appropriateness Test. Notwithstanding the fact that BROKR only provides services on an Execution Only basis, BROKR can, in accordance with its legal obligations, require, as part of the onboarding procedure (or, if necessary, at any time thereafter), that the Client completes an Appropriateness Test for complex and non-complex Financial Instruments. BROKR is entitled to rely on the accuracy and completeness of the information provided by the Client. Based on the outcome of the test, the Client will receive a warning if a particular service or product is assessed by BROKR as potentially inappropriate for the Client or if the Client does not provide sufficient infor- mation to BROKR to assess the appropriateness of a service or product. BROKR shall not allow the Client to access services other than those related to Financial Instruments.
Appropriateness Test. In providing the services of Reception and Transmission and Execution of Client Orders, the Company is obliged under Applicable Laws and Regulations to make an assessment as to whether the products or services being provided or offered are appropriate for the Client or potential client.
Appropriateness Test. This Clause shall apply where you:
a) have been categorised as a retail client and
b) have selected in Schedule 1 the service of reception and transmission of orders and/or the service of execution of orders on behalf of clients.
1.1. We are obliged to ask you to provide information regarding your knowledge and experience in the investment field relevant to the specific type of Financial Instrument or investment service offered or demanded, so as to enable us to assess whether the investment service or Financial Instrument envisaged is appropriate for you (the “appropriateness test”).
1.2. You hereby acknowledge that we shall rely on the information provided by you unless we are aware or ought to be aware that the information is manifestly out of date, inaccurate or incomplete. In any case, you are obliged to provide us with up to date, accurate and complete information as well as inform us immediately in writing of any change of the information provided.
1.3. Where we consider, based on the information received, that the investment service or Financial Instrument is not appropriate for you, we shall warn you accordingly.
1.4. Where you fail to provide, or do not provide information, which is up to date, complete, accurate and sufficient regarding your knowledge and experience, we shall warn you that we are not able to determine whether the investment service or Financial Instrument envisaged is appropriate for you.
1.5. If, despite the warning mentioned in Clause 1.3 or Clause 1.4 above, you still wish to proceed with the specific investment service or Financial Instrument and you have indicated to us, in writing, through a recorded line or through an online / electronic platform, your choice to proceed with the specific transaction despite the said warning, we shall decide, at our absolute discretion, whether to accept to act or not. In case we accept to act, we shall draw your attention that the investment service or Financial Instrument envisaged may not be appropriate for you and you may be exposed to risks that fall outside your knowledge and experience and/or which you may not have the knowledge and experience to properly assess and/or control by way of mitigating the consequences of such risks for you.
1.6. You hereby acknowledge that, where we provide, at your initiative, investment services that only consist of the reception and transmission and/or execution of your orders, with or without the provision of ancillary services, in relation to non-c...
Appropriateness Test a questionnaire to assess the appropriateness of the crowdfunding transactions for the Investors (Lenders). It helps to determine the knowledge and experience of the User (Investor), who is classified as an Inexperienced Investor (Lender) in the field of financing according to the type of transaction planned and is intended to determine the acceptability of the relevant type of transaction to the Lender;
Appropriateness Test. Notwithstanding that DEGIRO only provides services on an Execution Only basis (as explained in Article 6.4 (Execution Only) below), in compliance with its legal obligations, as part of the onboarding procedure (or if necessary, at any time thereafter) DEGIRO requires the Client to complete an Appropriateness Test for complex and non-complex financial instruments. XXXXXX is entitled to rely on the correctness and completeness of the information provided by the Client. Based on the outcome of the test, the Client will receive a warning if a particular service or product is assessed by DEGIRO as potentially being inappropriate for the Client or if the Client provides insufficient information for DEGIRO to assess the appropriateness of a service or product. XXXXXX does not admit the Client to services other than those related to Financial Instruments categorised under the Basic Profile if the Client does not show enough knowledge about the relevant Financial Instruments based on the outcome of an Appropriateness Test. DEGIRO reserves the right not to admit the Client to services or not to execute transactions that relate to non-complex and complex Financial Instruments and are not appropriate for the Client for other reasons than insufficient knowledge.
Appropriateness Test. TC Limited makes a distinction between services that are simply a matter of execution and those where prior assessment is required to determine the extent to which the service and/or the product is “appropriate” to the client’s needs and circumstances and “appropriate” to the client’s level of knowledge and experience. For the purposes of assessment of appropriateness, TC Limited requires certain information on clients to be obtained and formally assessed in order to ensure such appropriateness; to satisfy this requirement, we have designed an appropriateness test which we will apply to clients before providing investment services.
Appropriateness Test. 1.1. In order to use copy trading and/or social trading services the Client needs to complete the Appropriateness test. The Company will establish Client’s investment profile according to the answers provided and will assess what trading strategies are suitable for the Client.
1.2. The reason for assessing suitability is to enable the Company to act in the Client’s best interest.
1.3. Client acknowledges that our assessment of his use of our Copy-trading services is performed based on the information and documents provided by the Client.
1.4. The Client confirms that the information is complete and correct.
1.5. The Client acknowledges that the Company will rely upon provided information and understands that he is responsible for any damages or losses which may results from any inaccuracies.
1.6. The Company, following the performance of the Assessment Appropriateness Test of Clients, informs the said Clients if applicable, that they have not pass the relevant Assessment of Appropriateness Test, while receiving a notification email indicating that the provision of the said service is not suitable to their specific characteristics.
1.7. The Client can revise his Suitability test at any time and evaluate whether there has been a change in his experience and/or trading objectives and/or financial situation.
1.8. The Company reserves the right to update the Suitability test from time to time to comply with the regulatory requirements.
Appropriateness Test. The Company carries out the Appropriateness Test, to the extent required by the Applicable Regulations, as these obligations are also specified herein with respect to retail clients. The Client completes the relevant questionnaire during the registration, which constitutes an integral part hereof. The Company relies on the information provided to it by the Client and which the Company considers to be true. The Client accepts and acknowledges that if he does not provide adequate and correct information to the Company, then the Company may proceed with the transaction or the provision of the service without any liability as to its compatibility with the Client's profile.
