View source for Eligible counterparty - FCA Rulebook Term

[http://fshandbook.info/FS/glossary-html/handbook/Glossary/E?definition=G1973 FCA definition].

Either a {{cobsprov|per se eligible counterparty}}, or an {{cobsprov|elective eligible counterparty}}.
====Elective ECP===
The famous “{{cobsprov|elective ECP}}” categorisation:
*Many {{cobsprov|per se professional client}}s are also {{cobsprov|per se eligible counterparties}} — but not all.
*Those {{cobsprov|per se professional client}}s that are not {{cobsprov|per se eligible counterparties}} — i.e., that are {{cobsprov|elective ECP}}s — can only be treated as {{cobsprov|ECP}}s if ''they'' have requested this categorisation. Now one might, of course, gently put that idea in such a client’s head: nothing wrong with that. Politely suggesting an elective ECP might wish to think about requesting an upgrade is one thing — but one cannot unilaterally categorise an elective ECP as an ECP without them first requesting it.
*an “{{cobsprov|elective professional client}}” (ie one is able to be upgraded from retail to professional) cannot further request to be treated as an {{cobsprov|ECP}}.

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