Professionals

18. Must the independent financial planner or the regulated undertaking make use of standardized questionnaires?

The Law of 25 April 2014 provides that all information necessary for providing financial planning advice shall be gathered in written form, but it does not specify how this should be done.

As far as independent financial planners are concerned, the FSMA takes the opportunity of the examination of the authorization file to check whether the manner in which the independent financial planner intends to operate will enable him or her to gather all legally required information.

Reviews of the information gathering by both independent financial planners and regulated undertakings will be carried out subsequently.