Home > Term: suitability and appropriateness
suitability and appropriateness
According to MiFID, when providing investment advice or portfolio management to a client, banks have to assess whether the service or product is suitable. For all other services, banks have to conduct an appropriateness test.
- Part of Speech: noun
- Industry/Domain: Banking
- Category: Investment banking
- Company: UBS
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Creator
- SophieB
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