| Information Obligations of Securities DealerDepending on categorization of the client, the securities dealer has various obligations, in particular various information obligations against the clients. - Information may not emphasize any potential advantages of an investment service or a financial instrument without a direct and clear indication of any related risks.
- Information must be provided in a manner which is reasonably regarded as a manner understandable to an average member of the target group.
- Information may not hide or disguise any important facts, declarations or warnings, and may not degrade importance of such facts, declarations or warnings.
- When some information compares investment services or ancillary services, the comparison must be as follows:
- It must have its meaning;
- It must be presented in an honest manner;
- It must give the source of information used for the comparison;
- It must contain main facts and assumptions of the comparison.
- The information must be presented in an easily understandable form so that the client could correctly understand the character and risks of the investment services and of the particular type of the offered financial instrument, and accordingly make a responsible investment decision.
- The information must include the data of the following:
- the securities dealer;
- financial instruments and proposed investment strategies, including relevant information and warning in connection with risks associated with investments in such instruments, or with particular investment strategies of protecting financial instruments or cash funds of the client;
- the place of performing the service;
- costs and related fees.
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