A discretionary FSP must—
| (a) | provide to the client, on request in a comprehensible and timely manner, any reasonable information regarding the financial products of the client, market practices and the risks inherent in the different markets and products; |
| (b) | prior to entering into a written or electronic mandate with the client— |
| (i) | obtain information with regard to the client‘s financial circumstances, needs and objectives and such information that is necessary to enable the FSP to render suitable intermediary services to the client; |
| (ii) | identify the financial products that best suit the client's objectives, risk profile and needs, subject to the limitations and restrictions imposed on the FSP by its licence issued under the Act. |
