Common use of Client Categorization Clause in Contracts

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.

Client Categorization. 14.1 9.1 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 Services and Activities and Regulated Markets and Other Related Matters Law of 2017, 2007 (Law 87(I)/2017, as subsequently amended or replaced from time to time144(I)/2007) in Cyprus, the Company is required to categorize its Clients into one of the following three categories: Retail, Professional or Eligible Counterparty.