01Tu perfilMinorista o profesional, con su categoría y sus condiciones. 02Tu situaciónActividad, ingresos y origen del dinero. 03El test13 preguntas sobre lo que va a contratar, con las opciones en otro orden cada vez. 04ConfirmaciónUna declaración final antes de comprar.

¿Quieres que tus inversores lo hagan sin papeles? Empieza hoy.

Crea la cuenta. El test va dentro del portal de tus inversores. Empieza tu emisiónHablar con el equipo

MiFID II

The appropriateness test, now inside the portal.

Q: Can an investor qualify as professional?

Sí, si cumple una categoría y sus condiciones. Un minorista también puede pedir trato profesional si las cumple, renunciando a parte de su protección. Empezar

Before buying, each investor provides their profile and answers a test about what they are going to buy. They do it in the same investment process, with no paperwork or emails.

Start your issuance Request a proposal

Appropriateness test1 of 13

If the company issuing a bond gets into difficulties, what can happen to what you invested?

Correct answersNeed 10

Example question. The test has 13 questions and you need 10 correct answers.

Retail or professional.

The first thing is to know what type of investor they are. Each investor is classified, and the protection they receive depends on it.

RetailMost people who invest on their own.

Receives the broadest protection and takes the test.

ProfessionalWhoever meets a category and certain conditions.

They prove it with their data.

Retail investor requesting professional treatmentWhoever requests it and meets the conditions.

They waive part of the protection, and declare it.

What is asked.

01Your profileRetail or professional, with their category and conditions.
02Your situationOccupation, income and source of funds.
03The test13 questions about what they are going to buy, with the options in a different order each time.
04ConfirmationA final declaration before buying.

If they do not pass it.

First attemptIf you do not reach 10 correct answers, you can retake it.
Second attemptYou can take it again.
AfterwardsIf you want to continue, you can assume the risk with an express declaration.

Each one, in their role.

HokenFi: It puts the profile software, the test and the final declaration within the investing process.
The ESI: Validates the offering when required by law.
Your law firm: Helps you put in writing what the law requires for your issuance.

Questions

What beginners usually ask.

When does the investor take the test?

When they click Invest, within the same process in which they accept the documents and verify their identity.

What happens if they do not pass it?

They are warned that the investment may not be appropriate for them. If they want to continue, they assume the risk with an express declaration.

Does HokenFi provide investment services?

No. The appropriateness test is an obligation of the ESI placing the issuance; HokenFi integrates it into the portal.

Can an investor qualify as professional?

Yes, if they meet a category and its conditions. A retail investor can also request professional treatment if they meet them, waiving part of their protection.

Get started

Do you want your investors to do it without paperwork? Start today.

Create the account. The test is inside your investors' portal.

Start your issuance Talk to the team