All posts tagged "product suitability"
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208Australia & NZNew Zealand FMA Censures Derivatives Issuer FIRMA NZ
Firma NZ failed to conduct product suitability tests for clients and to regularly provide statements to investors. The contraventions were "persistent and systemic".
October 12, 2021 -
561FeatureFinancial Advice Standards Have Improved, MAS Finds
Financial advisers have enhanced their standards and raised the quality of advice provided to customers, MAS found in a mystery shopping exercise.
June 23, 2021 -
291KoreaFSC Korea Issues Guidance on Investment Suitability Tests
The guidance sets out how investor suitability and appropriateness tests should be carried out during the sales process.
June 4, 2021 -
658Enforcement
S. Korea Cabinet Approves Financial Consumer Protection Bill
Under the legislation, six sales regulations will be applied to all financial products, where sellers will be subject to stricter penalties and possible sales bans for violations.
March 19, 2020
