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{{mifid categorisation}} | {{mifid categorisation}} | ||
The famous | The famous “{{cobsprov|elective ECP}}” categorisation: | ||
*Many {{cobsprov|per se professional client}}s are also {{cobsprov|per se eligible counterparties}} | *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 ECP}}s | *Those {{cobsprov|per se professional client}}s that are not {{cobsprov|per se 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. | ||
*an "elective professional client" (ie one is able to be | *an "[[elective professional client]]" (ie one is able to be upgraded from retail to professional) cannot further request to be treated as an {{cobsprov|ECP}}. |