If the authorised financial adviser provides a financial adviser service that is a personalised DIMS, a description of how the service works, being a description that includes the following information:
(a)
a summary of the significant features of the service; and
(b)
a description of how the financial products that are acquired under the service will be held, including for each custodian by whom any financial products will be or are held on behalf of the client under the service, that custodian’s name and contact details and whether that custodian is an associated person of the financial adviser (with associated person having, in accordance with regulation 3(2) and section 6(1) of the Financial Markets Conduct Act 2013, the meaning set out in section 12(1) of that Act); and
(c)
a statement as to how to grant and terminate the investment authority; and
(d)
a statement as to whether or not the client may give instructions to exercise rights over the client’s financial products (for example, a right to vote at meetings of product holders) and, if so, a statement about how those instructions may be given; and
(e)
a statement as to whether or not the client may give instructions relating to the financial products in the client’s portfolio (for example, an instruction to dispose of some shares) and, if so, a statement about how those instructions may be given; and
(f)
a statement as to whether or not the client has a right to be consulted on, or to countermand, the provider’s decisions and, if so, a description of the right and a statement about how the right may be exercised; and
(g)
a statement to the effect that the client agreement governs the service and that a client must enter into a client agreement at the same time as or before the investment authority is granted; and
(h)
a description of the consequences of a termination of the client agreement, including whether any financial products held by a custodian on behalf of the client under the service will be transferred to the client, will continue to be held by the custodian, or will be sold.