RG36

Question 1

What is product advice (hit keywords)

Answer 1

A recommendation that is intended to influence a person in making decisions about a financial product.

Question 2

What can you do to avoid confusion if providing factual information (3)

Answer 2

• only give factual information
• Make sure not influencing
• Provide a disclaimer to the effect

Question 3

What constitutes arranging

Answer 3

1. Your involvement is important - probably wouldn’t happen without you
2. Your involvement adds value
3. You receive benefits based on the decisions made by the person for who you are acting

Question 4

Is helping a client complete an application form arranging?

Answer 4

No

Question 5

What are the obligations imposed on representatives

Answer 5

1. FSG disclosure
2. BID
3. Hawking
4. PDS disclosure
5. Market Misconduct
6. Consumer Protection (misleading and deceptive)