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COB 2.4.3 Guidance

Generally, an Authorised Firm may consider a Person to have relevant experience and understanding where such a Person:

a. has been involved in similar transactions in a professional or personal capacity sufficiently frequently to give the Authorised Firm reasonable assurance that the Person is able to make decisions of the relevant kind, understanding the type of risks involved; or
b. is found to be acting, in relation to the particular transaction involved, in reliance on a recommendation made by an Authorised Firm or Regulated Financial Institution.
Derived from DFSA RM149/2015 (Made 11th February 2015) [VER24/04-15]