Professional client: Difference between revisions
Jump to navigation
Jump to search
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| Line 1: | Line 1: | ||
{{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}}. | 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}}. | ||
| Line 5: | Line 7: | ||
There is a handy [[Media:Decision Tree - Categorisation.pdf|decision tree]] in the panel below. | There is a handy [[Media:Decision Tree - Categorisation.pdf|decision tree]] in the panel below. | ||
{{anat|cobs}} | {{anat|cobs}} | ||
Revision as of 12:29, 13 January 2016
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)
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 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.
|
The JC’s Reg and Leg resource™
UK Edition {{{2}}}
|