1 Client classification, suitability and specialist codes
Apply the principles to client scenarios to see what may be exempted and what core duties remain.
Suitability obligation
操守準則 5.2- When making a recommendation or solicitation, an intermediary must have reasonable grounds for believing it is suitable for the client. Exam
- A client naming a product does not automatically remove every duty; consider whether the interaction involved a recommendation or solicitation. Trap
情境題
Find the trigger first—recommendation or solicitation—then assess client information and product risk.
Professional investor status is not a blanket waiver
操守準則第15段- PI categories and exemption conditions differ. The label 'PI' does not switch off every conduct requirement. Trap
- The intermediary must complete the applicable classification, assessment and records, and consider opt-out arrangements. Exam
精確作答
Do not justify an exemption merely by saying 'the client is a PI'. Identify the category, completed steps and specific exempted provision.
