What are the key obligations for the financial services provider prior to offer a financial product?

 

Q. What is meant by financial product advice and when are you required to provide a financial product advice?

 

Q. What information is required to be contained in the product disclosure statement?

 

Q. What are the objective for providing a Product Disclosure Statement to the client. Who is responsible for providing the PDS and when?

 

Q. What is the distinction between 'retail' and 'wholesale' clients.

 

Q. Due to COVID-19, there are few changes has been made for the few financial products. 

You are required to: 

Identify those products. 

Describe how you would ensure that PDS is up to date?

Explain how would you ensure that your clients are aware of the new changes?