Common use of Appropriateness Test Clause in Contracts

Appropriateness Test. Notwithstanding the fact that BROKR only provides services on an Execution Only basis, BROKR can, in accordance with its legal obligations, require, as part of the onboarding procedure (or, if necessary, at any time thereafter), that the Client completes an Appropriateness Test for complex and non-complex Financial Instruments. BROKR is entitled to rely on the accuracy and completeness of the information provided by the Client. Based on the outcome of the test, the Client will receive a warning if a particular service or product is assessed by BROKR as potentially inappropriate for the Client or if the Client does not provide sufficient infor- mation to BROKR to assess the appropriateness of a service or product. BROKR shall not allow the Client to access services other than those related to Financial Instruments.