Professional client: Difference between revisions

Revision as of 11:07, 22 July 2015

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.

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)

The JC’s Reg and Leg resource™
UK Edition

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Index: Click ᐅ to expand: Regulation

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-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}}.
+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}}.
-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 {{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.