Under MiFID regulations, advisers are required to conduct a suitability assessment before recommending a financial product. This involves understanding the client's profile, including factors like investment knowledge and financial situation, and understanding the details of investment products such as objectives, risks, returns, and costs. Starting from August 2022, a notable change mandates advisers to also consider whether clients have sustainability preferences when making product recommendations.
Click here to find out how advisers can respond to these changes.
