(1) This Rule applies to an
Authorised Firm which:
(a) is a member of a
(b) provides to a
Client one or more Financial Services where the services provided by the firm form part of a bundle of financial services provided to that Client by it and its Group members.
Authorised Firm referred to in (1) must ensure that:
(a) the client classification it adopts for any
Financial Service which it provides to the Client is both consistent with the requirements in this chapter and appropriate for the overall bundle of financial services provided to that Client;
Client has a clear understanding of the arrangement under which Financial Services are provided to the Client by the Authorised Firmin conjunction with the other members of the Group; and
(c) any risks arising from the arrangements referred to in (b) are identified and appropriately and effectively addressed.
Derived from DFSA RM149/2015 (Made 11th February 2015) [VER24/04-15]