Professional client: Difference between revisions
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Amwelladmin (talk | contribs) Created page with "Under the {{COBS}} rules, a {{cobsprov|professional client}} is one who is categorised as either a {{cobsprov|per se professional client}}, or an {{cassprov|elective professio..." |
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Under the {{COBS}} rules, a {{cobsprov|professional client}} is one who is categorised as either a {{cobsprov|per se professional client}}, or an {{cassprov|elective professional client}}. | Under the {{tag|COBS}} rules, a {{cobsprov|professional client}} is one who is categorised as either a {{cobsprov|per se professional client}}, or an {{cassprov|elective professional client}}. | ||
There is some overlap with the other {{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 some overlap with the other {{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. | ||
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{{Mifid categorisation}} | {{Mifid categorisation}} | ||
{{anat| | {{anat|cobs}} | ||
Revision as of 11:06, 22 July 2015
Under the COBS rules, a professional client is one who is categorised as either a per se professional client, or an elective professional client.
There is some overlap with the other Template:Mifid categorisations. An elective professional client is a subset of the class of retail clients; an eligible counterparty is a subset of per se professional clients.
There is a handy decision tree in the panel below.
MiFID Categorisation
- 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)
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The JC’s Reg and Leg resource™
UK Edition {{{2}}}
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