Providing advice, products or services which are “suitable” for clients, on a case by case basis, is a core principal of good conduct. This is an area which will continue to receive regulatory focus, both locally and from international initiatives such as MIFID 2. The challenge for businesses is to demonstrate the appropriateness and effectiveness of their policies and procedures in this regard.
The Redwood team have experience in the drafting of policies and procedures which are designed to ensure that an appropriate assessment of suitability is made and can be demonstrated. Whether you need some assistance with policies and procedures or require an independent “suitability” review, we can help.