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| {{cobsanat|3.6.4}}
| | #redirect[[Eligible counterparty - FCA Rulebook Term]] |
| {{mifid categorisation}}
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| The famous “{{cobsprov|elective ECP}}” categorisation:
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| *Many {{cobsprov|per se professional client}}s are also {{cobsprov|per se eligible counterparties}} — but not all.
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| *Those {{cobsprov|per se professional client}}s that are not ''per se'' {{cobsprov|eligible ECP}}s — 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.
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| *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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Latest revision as of 09:42, 3 December 2024