| 1. |
VASPs providing VA Management and Investment Services shall only provide such services regarding Virtual Assets to clients for which they are suitable. |
| 2. |
Where VASPs provide VA Management and Investment Services which include a personal recommendation to a client, they shall consider the following factors at a minimum in respect of that client—
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a. |
knowledge and experience in investing in Virtual Assets; |
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b. |
investment objectives, including but not limited to risk tolerance, time horizon and venues through which they can acquire Virtual Assets; and |
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c. |
financial circumstances including, but not limited to, their ability to bear sudden and significant losses or the proportion of their net worth which is invested in Virtual Assets.
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| 3. |
VASPs providing VA Management and Investment Services shall collect all necessary information from clients for the purpose of assessing relevant factors in accordance with Rule II.A.1 and Rule II.A.2 of this VA Management and Investment Services Rulebook, depending on the nature of the service and take all reasonable steps to ensure such information is accurate and up-to-date. All such information shall be maintained for at least eight [8] years. |
| 4. |
To the extent Rule II.A.2 of this VA Management and Investment Services Rulebook is applicable, VASPs shall specify how the services are appropriate for a client by reference to the factors assessed by the VASP in accordance with Rule II.A.2 of this VA Management and Investment Services Rulebook.
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