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Financial advisory
RES5Financial Advisory Services✓A financial adviser wants to sell a synthetic ETF (a SIP) to a retail customer. What extra safeguard does the SIP regime require before the sale?
Distributing a SIP such as a synthetic ETF to a retail customer requires SIP safeguards, including assessing the customer's knowledge or experience via a Customer Knowledge Assessment; a physical ETF as an EIP does not trigger this gating.
Overlooking that the SIP regime gates the sale via a knowledge assessment rather than product changes.
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