Retail client - COBS Provision: Difference between revisions

Revision as of 17:17, 5 November 2018

The JC’s Reg and Leg resource™
UK Edition

To see the current text of COBS 3.4 in the FCA handbook, click here.

Index: Click ᐅ to expand: Regulation

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Professional clients: per se professional client | elective professional client
ECPs: per se eligible counterparty | elective eligible counterparty | COBS 1 Annex 1 for disapplication of COBS rules to ECPs
Retail client: See COBS 3.4: one who is not a professional client or an ECP
Categorisation decision tree (pdf)

Not a professional client, and not an eligible counterparty. A person with whom, generally, a MiFID-regulated investment bank will want little to do. Unless they're PWM clients, of course.

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 {{cobsanat|3.4}}
+{{Mifid categorisation}}
-{{Mifid categorisation}}Not a {{cobsprov|professional client}}, and not an {{cobsprov|eligible counterparty}}. A person with whom, generally, a {{tag|MiFID}}-regulated [[investment bank]] will want little to do. Unless they're PWM clients, of course.
+Not a {{cobsprov|professional client}}, and not an {{cobsprov|eligible counterparty}}. A person with whom, generally, a {{tag|MiFID}}-regulated [[investment bank]] will want little to do. Unless they're PWM clients, of course.