Periodic Assessment of Suitability
I am looking for some guidance surrounding the recent introduction of periodic assessment of suitability post MiFID II.
As we understand this as a firm, any client who is paying for ongoing advice should now receive an annual report outlining why investments, platform, provider etc remain suitable. We already give clients investment reviews throughout the year, however we do not go into much detail surrounding objectives & aims.
For clients we have taken on in the past 0 - 6 months, will we be required to issue an assessment of suitability report for them?
Thank you in advance.