Common use of Appropriateness Test Clause in Contracts

Appropriateness Test. In the case of the Intermediation of Trades service, the Platform shall ascertain the Client´s expertise and experience in the field of investments, as well as other information in order to assess whether the Client´s Orders correspond to the expertise and experience necessary to understand the risks involved, or whether the provision of the service is appropriate for the Client, and whether the financial instrument Ordered corresponds to the needs of the target market for such instrument. If the Orders are unreasonable in light of the information obtained by the Platform from the Client, the Platform shall notify the Client of this fact. The same policy applies where the Client fails to provide complete, accurate, truthful or up-to-date information or even refuses to provide it altogether.