Common use of CLIENT CATEGORY Clause in Contracts

CLIENT CATEGORY. For the purposes of the Law, the Bank considers the Client to be a “Retail Client”. Retail Clients’ interests are protected by the broadest possible application of the legislative and regulatory framework to the Clients’ relationship with the Bank. In the event that the Client wishes to waive some of the said protection rights and be treated as a “Professional Client”, either in general or for one or more investment and/or ancillary services, the Client must request this of the Bank in writing, and such waiver shall apply provided that the relevant criteria apply and the process described in Section II of Annex II of the Law, as currently applicable, is followed, and under the condition that it is accepted by the Bank in accordance with legislation and the Policy on Customer Classification developed and applied by the Bank. The Bank’s right to accept the request for waiver from the protection of interests provided through change in Client category is exercised at the Bank’s sole discretion.

CLIENT CATEGORY. For the purposes of the Law, the Bank considers the Client to be a “Retail Client”. Retail Clients’ interests are protected by the broadest possible application of the legislative and regulatory framework to the Clients’ relationship with the Bank. In the event that the Client wishes to waive some of the said protection rights and be treated as a “Professional Client”, either in general or for one or more investment and/or ancillary services, the Client must request this of the Bank in writing, and such waiver shall apply provided that the relevant criteria apply and the process described in Section II of Annex II of the Law, as currently applicable, is followed, and under the condition that it is accepted by the Bank in accordance with legislation and the Policy on Customer Client Classification developed and applied by the Bank. The Bank’s right to accept the request for waiver from the protection of interests provided through change in Client category is exercised at the Bank’s sole discretion.

CLIENT CATEGORY. For the purposes of the Law, the Bank considers the each Client to be a “Retail Client”. Retail Clients’ interests are protected by the broadest possible application of the legislative and regulatory framework to the Clients’ relationship with the Bank. In the event that the Client wishes to waive some of the said protection rights and be treated as a “Professional Client”, either in general or for one or more investment and/or ancillary services, the Client must request this of the Bank in writing, and such waiver shall apply provided that the relevant criteria apply and the process described in Section II of Annex II of the Law, as currently applicable, is followed, and under the condition that it is accepted by the Bank in accordance with legislation and the Policy on Customer Classification developed and applied by the Bank. The Bank’s right to accept the request for waiver from the protection of interests provided through change in Client category is exercised at the Bank’s sole discretion.