Common use of ASSESSMENT OF SUITABILITY Clause in Contracts

ASSESSMENT OF SUITABILITY. The Company is obliged under Applicable Regulations to obtain information and assess the Client’s knowledge and experience in the investment field so that it can assess whether the service or product envisaged is suitable for the Client. For this reason in addition to the common provisions of the assessment of appropriateness and suitability, the Company obtains from clients or potential clients such information as is necessary for the Company to understand the essential facts about the potential client and to have a reasonable basis for believing, giving due consideration to the nature and extent of the service provided, that the specific transaction to be entered into in the course of providing a portfolio management service satisfies the following criteria: a) it meets the investment objectives of the client in question; b) it is such that the client is able financially to bear any related investment risks consistent with his investment objectives; c) it is such that the client has the necessary experience and knowledge in order to understand the risks involved in the transaction or in the management of client’s portfolio. Where the Company provides an investment service to a professional client it shall be entitled to assume that, in relation to the products, transactions and services for which it is so classified, the client has the necessary level of experience and knowledge to understand the risks involved in the transaction or in the management of his portfolio. If the Company does not obtain sufficient information to comply with the suitability requirements under the Law, so as to assess whether the services and products offered by the Company are suitable for the client, the Company reserves the right not provide such service to that client. The above applies to Clients who will sign Portfolio Management Agreement with the Company, which will be additional and complementary to this Agreement

ASSESSMENT OF SUITABILITY. The Company is obliged under Applicable Regulations to obtain information and assess the Client’s knowledge and experience in the investment field so that it can assess whether the service or product envisaged is suitable for the Client. For this reason in addition to the common provisions of the assessment of appropriateness and suitability, the Company obtains from clients or potential clients such information as is necessary for the Company to understand the essential facts about the potential client and to have a reasonable basis for believing, giving due consideration to the nature and extent of the service provided, that the specific transaction to be entered into in the course of providing a portfolio management service satisfies the following criteria: a) it meets the investment objectives of the client in question; b) it is such that the client is able financially to bear any related investment risks consistent with his investment objectives; c) it is such that the client has the necessary experience and knowledge in order to understand the risks involved in the transaction or in the management of the client’s portfolio. Where the Company provides an investment service to a professional client it shall be entitled to assume that, in relation to the products, transactions and services for which it is so classified, the client has the necessary level of experience and knowledge to understand the risks involved in the transaction or in the management of his portfolio. If the Company does not obtain sufficient information to comply with the suitability requirements under the Law, so as to assess whether the services and products offered by the Company are suitable for the client, the Company reserves the right not to provide such service to that client. The above applies to Clients who will sign Portfolio Management Agreement with the Company, which will be additional and complementary to this Agreement.