suitability report

49a report which a firm must provide to its client161 which, among other things, explains why the firm has concluded that a recommended transaction is suitable for the client and which is provided pursuant to:161

1. (a) COBS 9.4 (Suitability reports) where the firm is carrying on designated investment business other than any MiFID, equivalent third country or optional exemption business;161
2. (b) article 54(12) of the MiFID Org Regulation where the firm is carrying on MiFID business;161
3. (c) GEN 2.2.22AR and COBS 9A.3.3EU where the firm is carrying on the equivalent business of a third country investment firm;161
4. (d) COBS 9A.1.2R and COBS 9A.3.3EU where the firm is carrying on MiFID optional exemption business.161