Professional client: Difference between revisions

Latest revision as of 13:30, 14 August 2024

The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™

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Under the COBS rules, a professional client is one who is categorised as either a “per se professional client”, or a retail client which counts as an “elective professional client” and who has consented to being “opted up”.

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-{{anat|cobs}}
+{{a|g|}}Under the [[COBS]] rules, a {{cobsprov|professional client}} is one who is categorised as either a “{{cobsprov|per se professional client}}”, or a {{cobsprov|retail client}} which counts as an “{{cobsprov|elective professional client}}” and who has consented to being “opted up”.
-{{Mifid categorisation}}
-Under the {{tag|COBS}} rules, a {{cobsprov|professional client}} is one who is categorised as either a {{cobsprov|per se professional client}}, or an {{cobsprov|elective professional client}}.
+Here is a handy [[File:Decision Tree - Categorisation.pdf|page=1|450px|decision tree]].
-There is some overlap with the other {{tag|MiFID}} categorisations. An {{cobsprov|elective professional client}} is a subset of the class of {{cobsprov|retail client}}s; an {{cobsprov|eligible counterparty}} is a subset of {{cobsprov|per se professional client}}s.
-There is a handy [[Media:Decision Tree - Categorisation.pdf|decision tree]] in the panel below.