Transcription of Finalised guidance Assessing suitability
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Finalised guidance Assessing suitability
Financial Services AuthorityFinalised guidanceFinancial Services AuthorityPage 1of 31 March 2011 Assessing suitability :Establishing the risk a customer is willing and able to take and making a suitable investment selectionContents1 Our Establishing the risk a customer iswilling and able to Investment Adopting third-party Summary of changes to final guidance as a result of guidanceAssessing suitability : Establishing the risk a customer is willing and able to take and making a suitable investment selectionFinancial Services AuthorityPage 2of 311 Overview high number of unsuitable investment selections1we see in the pensions and investment markets is still a significant concern, as highlighted in the Financial Risk Outlook Retail Intermediaries Sector Digest is a specific
that a personal recommendation, or decision to trade, is suitable for its customer. COBS 9.2.2R requires firms, among other things, to take account of a customer’s preferences regarding risk taking, their risk profile and ensure they are able financially to bear any related investment risks consistent with their investment objectives.
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