PRODUCT GOVERNANCE. Under the requirements imposed by the CySEC in relation to Product Governance, the Company has determined and identified the Positive and Negative Target Market for each of the asset class of CFDs products offered. As part of the account opening procedure, you acknowledge that you should provide the necessary information to enable us to determine whether you fall within the identified Target Market of clients or not. Such information aims to evaluate whether your needs, characteristics and objectives are in line with the characteristics and risks of the complex and leveraged products offered by the Company. If you provide us with incorrect or incomplete information required under Product Governance regime, you will adversely affect our ability to carry out correctly our obligation and thus, you may be allowed to enter into Transactions in Financial Instruments that should not be marketed and offered to you.
PRODUCT GOVERNANCE. 5.3.1 The Broker adheres to the provisions of Applicable Law in relation to the product governance requirements and obtains required information from its clients in order to assess whether they fall in the positive target market or
PRODUCT GOVERNANCE. We are required, when manufacturing and/or distributing financial instruments to establish implement and maintain policies, procedures and measures to ensure that the manufacturing and/or distribution of financial instruments comply with the relevant product governance requirements under MIFID II, in a way so as to ensure that it is appropriate and proportionate taking into account the nature of the financial instrument the investment service(s) and the needs and circumstances f the Target Market for that financial instrument. The Company ensures that the design of the financial instrument including its features does not adversely affect its Clients or does not lead to problems with market integrity by enabling us to mitigate of its own risks or its exposures to the underlying assets of the product where We already hold the underlying assets on own account. The Company has a Product Governance Policy in place which ensures that We manufactures financial products targeting a particular group of Clients, so that the product meets their interests, needs and objectives (target market). The Company also identifies a group of end-Clients where these products may not be offered due to the Company’s assessment that the product does not meet their interests, needs and objectives (negative target market). Moreover, for each target market, the Company shall identify appropriate distribution channels/venues and media of marketing so that the product is offered to the target market (to a possible extent). The Company with this policy identifies information and practices that will enable to assess each individual end-Client’s compatibility with its products and comply with the normal MiFID II disclosure, suitability/appropriateness assessment, inducements, and conflicts of interest rules. The Company is required to assess the client for his compatibility with the designated target market. In this respect the Company must collect additional information exceeding the information collected during the assessment of Appropriateness Test or collected via the personal details of the client and Economic Profile. Therefore, the Company should also obtain information pertaining to the following: Ability to bear losses. Risk tolerance of the Client and compatibility with the risk/reward profile of the product. Client objectives and needs. The information may be obtained during the Client onboarding phase, or in case of new product launches prior to allowing the client to invest in...
PRODUCT GOVERNANCE. The Company has implemented its Product Governance Manual according to which it shall implement adequate product governance arrangements to ensure that the products and services of the Company are compatible with the needs, characteristics and objectives of an identified target market and that the intended distribution strategy is consistent with the identified target market. The Company under its capacity of both product manufacturer and distributor, will use the product manufacturer’s more general target market assessment (if any) as well as actual information and knowledge of its client base, to identify the target market and the distribution strategy of its products. The criteria to be considered include the following:
PRODUCT GOVERNANCE. 13.1 Solely for the purposes of the requirements of Article 9(8) of the MiFID Product Governance rules under EU Delegated Directive 2017/593 (the "Product Governance Rules") regarding the mutual responsibilities of manufacturers under the product governance requirements contained within: (a) Directive 2014/65/EU on markets in financial instruments, as amended ("MiFID II"); (b) Articles 9 and 10 of the Delegated A4304760024 Directive; and (c) local implementing measures (the "MiFID II Product Governance Requirements"):
PRODUCT GOVERNANCE. Where applicable, we are subject to the ESMA product governance rules and regulations and will act in accordance with those rules and regulations in relation to the Financial Products which we transact with you. Where you have your own product governance obligations, you agree at all times to act in accordance with those obligations. In either of the foregoing instances you agree to provide us with such information as you are required to provide to us or as we require in order to meet our regulatory or contractual obligations.
PRODUCT GOVERNANCE. If we act as manufacturer or distributor of a product, where you onward distribute that product you shall use reasonable endeavours to ensure that:
PRODUCT GOVERNANCE. (a) Under the requirements imposed by the FCA in relation to Product Governance, we have determined the Target Market for each of the Financial Instrument offered by us. As part of the account opening procedure, you acknowledge that you should provide the necessary information to enable us to determine whether you fall withintheidentified Target Market of end clients or not. Such information aims to evaluate whether your needs, characteristics and objectives are in line with the characteristics and risks of the complex and leveraged products offered by the Company.
PRODUCT GOVERNANCE. 18.1. Spectra Global has a policy in place to ensure that both Spectra Global’s respective responsibilities towards a client and its product governance obligations are met. Spectra Global is required to assess and define a target market for the investment products manufactured for, distributed or sold to you. Spectra Global’s role as a product distributor (seller) implies that Spectra Global will assess investments periodically and will share information on investments so that it can take any appropriate steps to improve outcomes for its clients (or the end client). Unless the Client tells Spectra Global otherwise, Spectra Global will assume that the Client is acting for his/her own account and not as a distributor for the purposes of these requirements.
PRODUCT GOVERNANCE. 32.1 The Company is required, when manufacturing and/or distributing financial instruments, to establish, implement and maintain procedures and measures to ensure that the manufacturing and/or distribution of financial instruments comply with the relevant product governance requirements, in a way that it is appropriate and proportionate taking into account the nature of the financial instrument, the investment service(s) and the needs of the Target Market of the product.
