ASSESSMENT OF APPROPRIATENESS Sample Clauses

ASSESSMENT OF APPROPRIATENESS. The Company is obliged by applicable laws to obtain information about the client’s financial position, knowledge and experience with regards to the services offered by the Company in order to assess whether its services are appropriate for the client. In case the client chooses not to provide the Company with such information or the client provides insufficient information, the Company will not be able to determine whether its services are appropriate for the client. The Company will assume that the information provided by the client is accurate and it will have no responsibility towards the Client if the above-mentioned information is misleading or incomplete, has been amended and/or becomes inaccurate and the Company will be deemed to have satisfied its legal obligations unless the client has informed the Company of such amendments.
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ASSESSMENT OF APPROPRIATENESS. 7.1. We are obliged under Applicable Regulations to obtain information about your knowledge and experience with trading in financial instruments so that we can assess whether the service or product you are requesting is appropriate for you. We strongly encourage you to provide us will all relevant information as to your knowledge and experience as accurately as possible. If you fail to provide sufficient information or fail to provide us with any information, we will not be able to assess whether you have the necessary knowledge and experience to understand the risks involved when trading with the financial instruments offered by us. We will not be held responsible in case any of the information or circumstances change, unless you promptly inform us. For this purpose, we will conduct an Appropriateness Assessment Test, which we apply to all interested clients before providing investment services.
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ASSESSMENT OF APPROPRIATENESS. In providing the Service of Reception and Transmission and Execution of Client Orders, the Company is obliged under Applicable Regulations to seek information from a Client or Potential Client regarding his knowledge and experience in the investment field relevant to the specific type of service or Financial Instrument offered or demanded, so as to enable the Company to assess whether the service or Financial Instrument is appropriate for the Client. MiFID II requires certain information on Clients for the purposes of assessment of appropriateness the Company is obliged to obtain information about the Client’s knowledge and experience in the investment field so that it can assess whether the service or product envisaged is appropriate for the Client, before the Company can accept him/her as a Client, the so called “Appropriateness Test”. The Company is required to make an assessment as to whether the product and/or service being provided and/or offered is appropriate for the Client. The Appropriateness Test is performed on the provided services to Retail Clients, by deriving information regarding their experience level and knowledge that would enable them to understand the risks related to the requested transaction. The information provided by the client regarding his knowledge and experience should include the following to the extent appropriate to the nature of the client, the nature and extent of the service to be provided and the anticipated type of product or transaction, including their complexity and risks involved:
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ASSESSMENT OF APPROPRIATENESS. 8.1.1. In accordance with the applicable CySEC rules and regulations, the Company will perform an Appropriateness Test in order to assess and determine whether a prospective Client has the necessary knowledge and/or experience to understand the risks involved in relation to the Company’s products and/or investment services offered or demanded in order to enable the Company to assess whether the investment service or product envisaged is appropriate for the Client and to act in the Client’s best interests. To this effect, the Company has implemented a risk scoring matrix for the determination of the appropriateness of the client.
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ASSESSMENT OF APPROPRIATENESS. (1) At Trade Capital Markets, in order to ensure that the Client knows and understands the nature and risks of the contract products, regardless of the fact that the purchase of the financial product is always made at the Client's initiative, we provide our Clients with detailed information about the associated risks and we assess the Client’s knowledge and experience. The latter process is known in the MiFID II Directive as ‘Appropriateness Test’.
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ASSESSMENT OF APPROPRIATENESS. At CentreFX Technology LTD, in order to ensure that the Client knows and understands the nature and risks of the contract products, regardless of the fact that the purchase of the financial product is always made at the Client's initiative, we provide our Clients with detailed information about the associated risks and we assess the Client’s knowledge and experience. The latter process is known in the MiFID II Directive as ‘Appropriateness Test’. The Appropriateness Test is an integrative part of the Registration process. The purpose of the Appropriateness Test is for us to hold the means to assess whether complex products are deemed appropriate for you to invest in depending on your circumstances, including knowledge, experience and financial resources. Therefore, you are kindly requested to provide us with truthful and accurate information and to take into serious consideration any risk disclosure provided to you as a result of your assessment of appropriateness. Notwithstanding our obligation to perform the assessment of appropriateness, this does not excuse you of the need of making your own consideration whether to trade in complex products or not. It is your responsibility to understand the risks involved with our products or services. The Company warns that failure to provide truthful and accurate information during the assessment of Appropriateness prevents us from estimating whether the product is appropriate for you. Stocks and bonds are non-complex products and therefore CentreFX Technology LTD is not obliged to perform appropriateness or suitability of those products since any future operation is done by your initiative and not by the Company. CentreFX Technology LTD makes all warnings about the high risk of complex financial instruments: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The value of stocks, ETFs, Fixed Income products and Mutual Funds can fall as well as rise, which could mean getting back less than you originally put in. Options, warrants and structured products are complex financial instruments and are not suitable for all investors. Your capital is at risk. Futures are not suitable for all investors. The amount you may lose may be greater than your initial investment. Security Futures are highly leveraged instruments and are not suitable for all investo...
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ASSESSMENT OF APPROPRIATENESS. 5.1. In providing the Service of Reception and Transmission and Execution of Client Orders, the Company is obliged under Applicable Regulations to seek information from a Client or potential Client regarding his knowledge and experience in the investment field relevant to the specific type of Service or Financial Instrument offered or demanded, to enable the Company to assess whether the Service or Financial Instrument is appropriate for the Client or potential Client. Where the Client or potential Client elects not to provide the information regarding his knowledge and experience, or where he provides insufficient information regarding his knowledge and experience, the Company will not be able to determine whether the Service or Financial Instrument is appropriate for him. The Company shall assume that information about his knowledge and experience provided from the Client or potential Client to the Company, is accurate and complete and the Company shall have no responsibility to the Client or potential Client if such information is incomplete and/or misleading and/or changes and/or becomes inaccurate and the Company will be deemed to have performed its obligations under Applicable Regulations, unless the Client or potential Client has informed the Company of such changes.
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