Definition
Under CIRO Rule 3402 (post-CFR), suitability is assessed at the account level, not just per-trade. The registrant must determine that any recommendation puts the client's interest first given the client's KYC profile and the firm's KYP analysis. The five suitability factors: KYC information, KYP information, account-as-a-whole impact, costs, and reasonable range of alternatives.
Source
CIRO IDPC Rule 3402; Client Focused Reforms (CFR)
Where this shows up on the CIRE
- Outcome 3.4
- Outcome 3.10
- Outcome 3.17