Client Categorization. 4.1. According to Applicable Regulations, the Company has to categorize its Clients in one of the following categories: Retail Client, Professional Client or Eligible Counterparty. The categorization shall depend on the information provided by the Client in his Account Opening Application Form and according to the method of categorization as this method is explained under the document titled “Client Categorization Policy”. By accepting this Agreement, the Client accepts the application of such method of categorization. The Company will inform the Client of his categorization according to Applicable Regulations. The Client has the right to request a different categorization as per the provisions of the document titled “Client Categorization Policy”. Categorization as a retail client offers greater protection. Retail clients are entitled to more detailed information under Applicable Regulations. Specific information for the protections of Retail clients can be found in the document titled “Client Categorization Policy”. The Company cannot enter into title transfer financial collateral arrangements with retail clients. Renumeration practices which could provide an incentive to the Company’s staff to recommend a particular financial instrument to a retail client when the Company could offer a different financial instrument which would better meet that client’s needs are also prohibited. In the case of professional clients and eligible counterparties, the Company may agree to provide more limited information as provided by Applicable Regulations.
4.2. The Client accepts that when categorizing the Client and dealing with him, the Company will rely on the accuracy, completeness, and correctness of the information provided by the Client in his Account Opening Application Form and the Client has the responsibility to immediately notify the Company in writing if such information changes at any time thereafter.
4.3. It is understood that the Company has the right to review the Client’s categorization and change his categorization if this is deemed necessary by the Company (subject to Applicable Regulations).
4.4. Subject to the provisions of the Law and any applicable legislation, the Company may be excluded from certain of its obligations under Applicable Regulations or the Agreement in the event where the Client is categorised as an Eligible Counterparty. Nothing in this Agreement shall be deemed to bind the Company against the Client as far as such obligations are...
Client Categorization. The company will categorize clients as ‘retail’ by default unless the client chooses to change his categorization to professional or Eligible Counterparty.
Client Categorization. 1. The Company is required under MiFID II to categorize any Client as eligible Counterparty, Professional Client or Retail Client so that when carrying out business with a Client, the Company can provide the level of information, services and protection that is appropriate to and consistent with a Client categorization.
2. On the basis of the information available to the Company, the Company categorized the Clients as Retail Clients and agrees that he will be subject to the rules of professional conduct, which govern the Company’s relationship with Retail Clients.
3. This categorization will apply to all of the Company’s MiFID-related business with the Client unless the Parties agree otherwise.
4. The Client has the right to request in writing to be categorized as a Professional Client (provided the relevant criteria and procedure are fulfilled), but in such case the Client will be afforded fewer regulatory protections. The Company will assess specific quantitative and qualitative criteria in accordance with the provisions of the Law and the change of categorization will depend on its absolute discretion.
5. The Client has the right to register only one Trading Account, if any Client has multiple Trading Accounts then the Client needs to inform the Company in relation to these Trading Accounts before carrying out any transactions. If for any reason, the Company is not informed of any multiple Trading Accounts and discovers this to be the case, the Client will be contacted in order to choose which account they wish to keep. All other accounts will be blocked and Client's funds will be refunded back to the Client. Any losses incurred as a result of trading will not be refunded to the Client.
Client Categorization. 4.2.1 For the purposes of the services provided by INFINOX under this Client Agreement, subject to clauses 4.2.2 & 4.2.3, for the purposes of Applicable Regulations, we will classify you as either a Retail Client or a Professional Client.
4.2.2 If we have categorized you as a Professional Client (whether or not at your request) you will not be entitled to certain protections afforded to Retail Clients by Applicable Regulations, including certain protections under the SCB’s client money rules. You have the right to request a different client categorization (e.g., as a Retail Client). If you request a different client categorization, you should notify us in writing and we will contact you to explain the process and any additional requirements applicable to the change.
4.2.3 Clients whose accounts are being traded on using a Multi Account Manager (referred to as “MAM”), will only be able to join a MAM depending on their categorization.
Client Categorization. 14.1 Following the implementation of the Markets in Financial Instruments Directive (MiFID) in the European Union revised and implemented on the 3rd January 2018 as MIFID II and in accordance with the Investment Activities, the Operation of Regulated Markets and Other Related Matters Law of 2017, Law 87(I)/2017, as subsequently amended or replaced from time to time, the Company is required to categorize its Clients into one of the following three categories: Retail, Professional or Eligible Counterparty.
14.2 Unless the Company agrees otherwise in writing, the Client shall be treated as a Retail Client in accordance with applicable legislation, as amended from time to time.
14.3 To request a change in Client Categorization, you will need to inform us in writing, notifying us about your request to be treated as a Professional Client, either generally or in respect of a particular investment service or transaction, or a type of transaction or product. Our Online Trading Facility is intended for your personal, non-commercial use only, unless we have expressly agreed otherwise beforehand and in writing. You agree to use the information from our Online Trading Facility (and/or from any other of our information systems) for the sole purpose of entering into and executing Transactions and/or Contracts through our Online Trading Platform. Unless we expressly agree otherwise beforehand and in writing, we are providing our Online Trading Facility only to Persons who are Non- Professional Users and only for the purpose of, and subject to these Terms. You represent and warrant to us of the date of acceptance of these Terms and Conditions and each time you access our Online Trading Facility that you are a Non-Professional User. You will notify us immediately in writing if you cease to be a Non-Professional User and acknowledge that as a result of doing so we may restrict, suspend and/or terminate your access to all or part of our Online Trading Facility, at our sole discretion, without being obliged to provide you with any explanation or justification.
14.4 The type of Client Categorization will determine the level of protection afforded to the Client under applicable legislation. A Retail Client is afforded with the highest regulatory protections available. The Company will notify the Client in writing to inform him/her of his/her loss of certain regulatory protection(s) prior to agreeing to Client’s re-categorization request.
14.5 The Client Categorization Policy may...
Client Categorization. 5.1. According to Applicable Regulations, the Company has to categorize its Clients in one of the following categories: Retail Client and Professional Client. If a Client has been categorized as Professional Client, the Company then reserves the right to further categorize the Client as an Eligible Counterparty. The Client will be categorized and treated as a Retail Client in accordance with applicable law, unless the Client has informed the Company otherwise.
5.2. The Client has the right to request a different Client Categorization. If a Client desires to be re-classified, they need to send to the Company a written request, and the Company shall review this request. If the Company has categorized the Client as a Professional Client or an Eligible Counterparty, the Client will not be entitled to bring a claim to the Investor Compensation Fund, if the Company is unable to meet any of its obligations to the Client, which arise in relation to the provision of investment and ancillary services. Please refer to the ‘Client Categorization Policy’ available on the Company’s Website.
5.3. The Company can review a Client’s categorization at any time, in accordance with the applicable rules. The Company will notify the Client in the event a change affects them.
Client Categorization. 4.2.1 For the purposes of the services provided by INFINOX under this Client Agreement, subject to clauses 4.2.2 & 4.2.3, for the purposes of Applicable Regulations we will treat you as a Retail Client, unless we have informed you otherwise in writing.
4.2.2 If we have categorized you as a Professional Client (whether or not at your request) you will not be entitled to certain protections afforded to Retail Clients by Applicable Regulations, including certain protections under the SCB’s client money rules. You have the right to request a different client categorization (e.g. as a Retail Client or Eligible Counterparty). If you request a different client categorization, you should notify us in writing and we will contact you to explain the process and any additional requirements applicable to the change.
4.2.3 Clients whose accounts are being traded on using a Multi Account Manager (referred to as “MAM”), in certain circumstances may be required to be classified as Professional Clients, subject to meeting certain criteria in accordance with Applicable Regulations. We will contact you to explain the process and any additional requirements applicable to your client classification as a professional client.
Client Categorization. 5.1. We will classify you as a Retail Client in accordance with applicable laws, unless we have informed you otherwise. If we have categorized you as a Professional Client or an Eligible Counterparty, please be aware that you will not be eligible to file a claim with the Investor Compensation Fund should Eurotrader fail to meet any of its obligations to you in connection with the provision of investment and ancillary services. If you wish to request a different client categorization, please consult the 'Client Categorisation Notice' available on our Website.
5.2. It's important to understand that your Client categorization can be reviewed by us at any time, in adherence to the relevant regulations. In the event that such a change directly impacts you, we will provide you with the necessary notification.
Client Categorization. 6.1 The Company attaches different levels of regulatory protection to each category and clients within each category. In particular, Retail Clients are afforded the most regulatory protection; Professional Clients and ECPs are considered to be more experienced, knowledgeable and sophisticated and able to assess their own risk and are thus afforded fewer regulatory protections.
6.2 The Company offers its clients the possibility to request re-categorization and thus increase or decrease the level of regulatory protections afforded. When a client requests a different categorization (on an overall level or on a product level), the client needs to meet certain specified quantitative and qualitative criteria.
6.3 Based on the Client’s request, the Company undertakes an adequate assessment of the expertise, experience and knowledge of the Client to give reasonable assurance, in the light of the nature of transactions or services envisaged that the Client is capable of making his/ her own investment decisions and understanding the risks involved. However, if the above- mentioned criteria are not met, the Company reserves the right to choose whether to provide services under the requested categorization.
Client Categorization. The company will categorize clients as ‘retail’ by default unless the client chooses to change his categorization to professional or ECP.
