Test question 27/07/2018
Written on 10/08/2018

Select the statement which best describes advice requirements under MiFID II:

  1. Advisers must show not only whether the product was suitable, but also whether there were better alternatives.
  2. Advisers must explain why better alternatives were not selected.
  3. Advisers must explain in detail why the product was suitable.
  4. Advisers must who why the product fits the client’s individual circumstances.

Answer = 1

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