Appropriateness Test definition

Appropriateness Test the test conducted by DEGIRO by means of a questionnaire with the objective to make Client aware of the knowledge and/or experience of Client regarding the different types of Financial Instruments in which it is possible to trade through the services of DEGIRO.

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Appropriateness Test means the test which in terms of the Investment Services Rules promulgated by the MFSA a licensed financial intermediary operating in and from Malta must conduct when providing an investment service (other than investment advice or portfolio management) to a prospective investor in relation to the subscription for and the trading of securities having identical or similar characteristics to the Bonds, for the purpose of such licensed financial intermediary to determine (based on the information collected pursuant to such test) whether the investment service or the investment in securities identical or similar to the Bonds are appropriate for a prospective investor.

Appropriateness Test means the test carried out by BROKR by means of a question- naire with two objectives: 1) to make the Client aware of his knowledge and/or experi- ence regarding the different types of Financial Instruments in which can be traded through BROKR's services, and 2) to gather information about the Client's knowledge and experience so that BROKR can assess whether certain types of Financial Instru- ments are appropriate for the Client."

Examples of Appropriateness Test in a sentence

• At the earliest request of ▇▇▇▇▇▇, Client will provide the cooperation requested by ▇▇▇▇▇▇ in relation to Client Research and the Appropriateness Test and truthfully answer the questions asked by ▇▇▇▇▇▇.

• We will not be responsible for any loss you sustain as a result of any delay to any Service we provide or transaction we carry out on your behalf due to the application of the Appropriateness Test.

• You agree to cooperate in relation to customer due diligence and to truthfully answer the questions asked by BUX relating to onboarding and the Appropriateness Test carried out by BUX, where applicable.

• Further, the Company may request from the Client to re-perform the Appropriateness Test in cases where a substantial and/or material change, in the initial information provided by the Client, has occurred.

• If you are a CySEC authorised firm or person (or are authorised by an equivalent European Economic Area or third country authority) and you are acting as agent for your underlying client, we will be entitled to rely on the results of any Appropriateness Test you have performed on the underlying client.

• In accordance with FIC Act as amended 2017 the Company shall collect via means of an "Appropriateness Test" information related to the Client or potential Client such as the types of service, transaction and financial instrument with which the Client is familiar, the nature, volume and frequency of the Client’s transactions in financial instruments and the period over which they have been carried out as well as the level of education and profession or relevant former profession of the Client.

• The Client acknowledges that by providing misleading and/or false information in terms of the Appropriateness Test, the Company will not be held responsible for any excessive losses that might be caused due to the high leverage.

• Should following the Appropriateness Test the Company considers the financial instrument, in relation to the services provided, appropriate, in relation to the services provided to the specific Client, then the service is properly provided to the Client.

• Moreover, European and local laws oblige the Company to carry out relevant tests such as the Appropriateness Test and the construction of Client’s economic profile, in order to get sufficient understanding of Clients business activities, source of funds, as well as ensuring that the Company understands the investment objectives of its customers and is aware of their relevant trading knowledge and experience.

• We may require you to disclose further information to us, including but not limited to information relating to your knowledge of a particular Financial Instrument, market and dealing history, in order to discharge our obligation to apply the Appropriateness Test.

More Definitions of Appropriateness Test

Appropriateness Test means a set of questions designed to check whether your knowledge and experience are such that you are likely to be able to understand the terms and risks involved in a certain investment, and therefore whether that investment is appropriate for you;

Appropriateness Test means the Bank's assessment of the Retail Client's knowledge and experience regarding the type of relevant financial instrument and the type of service requested.

Appropriateness Test the test conducted by DEGIRO by means of a questionnaire with two objectives: 1) to make the Client aware of his knowledge and/or experience regarding the different types of Financial Instruments in which it is possible to trade through the services of DEGIRO, and 2) to gather information about the Client’s knowledge and experience in order to enable DEGIRO to assess whether certain types of Financial Instruments are appropriate for the Client. "AutoFX": a service provided by DEGIRO whereby DEGIRO automatically purchases Foreign Currency for the Client when the Client has an obligation to pay DEGIRO in that Foreign Currency (for example due to a purchase of Financial Instruments denominated in that currency) and whereby DEGIRO sells Foreign Currency for the Client when the Client receives amounts in that Foreign Currency (for example when those amounts are released from the sale of Financial Instruments).