Common use of Client Categorization Clause in Contracts

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. 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 clientrequests 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.