Shares
By purchasing shares, you become a small part owner of a company.
We need information about your knowledge and experience of investing. This will enable us to better assess which investment products are suitable for you. It is for this reason that we would like to ask you to answer a number of questions about your knowledge and experience before you start investing. For example, in which type of investment products you invest, for how long you have been doing so and how often you place orders for them.
Do you invest through Guided Investing or in Self Directed Investing Plus and do you want to start investing in complex investment products? Before you can place your first order in a complex investment product, you must pass a knowledge exam on that complex investment product.
Would you like to place an investment order? Then we always check whether you have experience with the investment product and whether you are aware of its characteristics and risks. That is why we ask you to answer a number of questions about your knowledge and experience in Internet Banking (duration: approximately 5 minutes).
We assess your order against the knowledge and experience you have provided to ascertain whether an investment product is suitable for you. Based on your answers, do you have too little knowledge and experience for an investment product? Or have you not yet answered all the questions? Then you will see a warning with your order. Have you gained more knowledge and experience? Then you can always change your answers.
Investing in complex investment products carries additional risks. Therefore, it is important that you know and understand how these products work and the risks involved. We test this through a knowledge exam. You must have passed the knowledge exam of that complex investment product before you place your order. Do you want to invest in options? In that case, it is also subject to the condition that you also sign the Options Sub-agreement.
The knowledge exams are available through Internet Banking and consist of a maximum of 10 questions. You can take the exam 3 times a day until you pass. For a knowledge exam with 10 questions, you will have passed if you have answered 8 or more questions correctly. Have you passed an exam? If so, you will see a green tick next to that exam in Internet Banking. This means that you do not have to take the knowledge exam (again). There are only two attempts possible for the knowledge exams of Private Equity and Complex Stocks (SPAC’s). After the second failed attempt you can retake the exam after three months.
A Special Purpose Acquisition Company (SPAC) is a listed company with no business activities. SPAC’s raise money through an IPO (initial public offering) and are looking for a non-listed company to take a majority stake. Investors in a SPAC only hear later which company it is and can vote on this. In this way, shareholders of the SPAC can become shareholders of the company taken over by the SPAC. This company then takes over the stock exchange listing of the SPAC. SPACs carry a high risk of loss.
