CRA-12.3.13
Past version: Effective from 01 Apr 2019 to 31 Mar 2023
To view other versions open the versions tab on the right
The suitability statement referred to in Paragraph CRA-12.3.12 must, as a minimum:
(a) specify the client's financial demands and needs;
(b) provide an outline of the advice given; and
(c) explain why the licensee has concluded that the recommended transaction is suitable for the client, including how it meets the client's objectives and personal circumstances with reference to the investment term required, client's knowledge and experience and client's attitude to risk and capacity for loss.
Added: April 2019