discretionary FSP definition
Examples of discretionary FSP in a sentence
The discretionary FSP approval further permits AIMS to apply its discretion when choosing certain financial products on behalf of the Investor.
Although the discretionary FSP is to obtain and transmit to a client any information which a relevant product supplier must disclose in terms of any law, the client hereby specifically requests the discretionary FSP not to provide such information The Discretionary FSP shall not be responsible for the Client in respect of voting rights or for exercising voting rights in respect of the Client's investments unless specifically directed in writing by the Client.
The discretionary FSP endorsed and adopted the International Private Equity and Venture Capital (“IPEV) Valuation Guidelines which set out recommendations, intended to represent current best practice on the valuation of private equity investments.
AIMS, in its capacity as a discretionary FSP, shall not receive remuneration from the Investor over and above the fees to which it is entitled in its capacity as an administrative FSP administering these financial products, on the basis set out in the application accompanying this Mandate.
The discretionary FSP approval further permits AIMS to apply its discretion when choosing certain financial products on behalf of the Client.
The “company” will ensure that these details are provided to the client and that these must stipulate the bank account details of the trust account opened at a bank or other bank account opened in the name of the client in which monies are deposited and, where applicable, from which the discretionary FSP must withdraw moneys received in connection with the rendering of intermediary services.
I further declare and acknowledge that the discretionary FSP appointed by me is responsible for advice and suitability relating to my investments and ISL will only be acting as a conduit in this regard.