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DA-4.1.1

Further to the requirements under BC-2.6 of Module BC of the Rulebook, licensees providing digital financial advice must ensure that the following are disclosed to their clients:

(a) adequate explanations about the functioning of any client facing tool including whether there are affirmations or confirmations that the client would provide as the tool is being populated;
(b) at key points in the advice process, inform the client about the limitations and potential consequences of the scope of advice in plain and simple language
(c) throughout the advice process, inform the client about key concepts and the relevant risks and benefits associated with the advice being provided; and
(d) disclose separately the fees, costs and charges.
Added: April 2019