Common use of Appropriateness Clause in Contracts

Appropriateness. When assessing appropriateness for non- advised services, a firm will be required to determine whether the client has the necessary experience and knowledge in order to understand the risks involved in relation to the product or service offered or demanded. Where such an appropriateness assessment requirement applies in respect of a client, the firm may assume that a Professional Client has the necessary experience and knowledge in order to understand the risks involved in relation to those particular investment services or transactions, or types of transaction or product, for which the client is classified as a Professional Client. A firm may not make such an assumption for a Retail Client and must determine that a Retail Client does indeed have the necessary level of experience and knowledge. IBIE provides non-advised services and is not required to request information or adhere to the assessment procedures for a Professional Client when assessing the appropriateness of a given service or product as with a Retail Client, and IBIE may not be required to give warnings to the Professional Client if it cannot determine appropriateness with respect to a given service or product.

Appropriateness. When assessing appropriateness for non- advised services, a firm will be required to determine whether the client has the necessary experience and knowledge in order to understand the risks involved in relation to the product or service offered or demanded. Where such an appropriateness assessment requirement applies in respect of a client, the firm may assume that a Professional Client professional client has the necessary experience and knowledge in order to understand the risks involved in relation to those particular investment services or transactions, or types of transaction or product, for which the client is classified as a Professional Clientprofessional client. A firm may not make such an assumption for a Retail Client retail client and must determine that a Retail Client retail client does indeed have the necessary level of experience and knowledge. IBIE IBLUX provides non-advised services and is not required to request information or adhere to the assessment procedures for a Professional Client professional client when assessing the appropriateness of a given service or product as with a Retail Clientretail client, and IBIE IBLUX may not be required to give warnings to the Professional Client professional client if it cannot determine appropriateness with respect to a given service or product.

Appropriateness. When assessing appropriateness for non- non-advised services, a firm will be required to determine whether the client has the necessary experience and knowledge in order to understand the risks involved in relation to the product or service offered or demanded. Where such an appropriateness assessment requirement applies in respect of a client, the firm may assume that a Professional Client professional client has the necessary experience and knowledge in order to understand the risks involved in relation to those particular investment services or transactions, or types of transaction or product, for which the client is classified as a Professional Clientprofessional client. A firm may not make such an assumption for a Retail Client retail client and must determine that a Retail Client retail client does indeed have the necessary level of experience and knowledge. IBIE IBLUX provides non-advised services and is not required to request information or adhere to the assessment procedures for a Professional Client professional client when assessing the appropriateness of a given service or product as with a Retail Clientretail client, and IBIE IBLUX may not be required to give warnings to the Professional Client professional client if it cannot determine appropriateness with respect to a given service or product.