Solution introduction
The suitability and appropriateness requirements under MiFID II ensure that investment firms which provide trading access, investment management and/ or investment advice act in their clients’ best interests so as to enhance investor protection
Suitability and appropriateness, as applicable, has to be assessed against a clients’ investment knowledge, their experience, their financial status and their investment objectives. In order to be compliant, investment firms have to obtain the necessary information from clients based on their classification, the service they want to receive and the complexity of the product they want to trade in. Solutions like NorthRow help firms achieve this in as low touch and cost-effective manner as possible.
