Client Classification. 7.1. We shall not have an obligation to treat our clients in different classes depending on their knowledge and expertise.
Client Classification. 6.1. We shall treat you as a Retail Client for the purposes of the Rules and the Applicable Regulations. You have the right to request a different method of categorisation. However, if you request a different categorisation and the Company agrees to such categorisation, you accept that the level of protection that is afforded by your relevant Regulations and other Applicable Regulations may differ. The Company cannot enter into title transfer financial collateral arrangements with Retail Clients. Remuneration 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.
6.2. It is understood that we have the right to review the Client’s Categorisation and change your Categorisation if this is deemed necessary (subject to Applicable Regulations). You accept that when categorising you and dealing with you, the Company will rely on the accuracy, completeness and correctness of the information provided by you in your Account Opening Application Form and the Financial Suitability Questionnaire. You have the responsibility to immediately notify us in writing if such information changes at any time thereafter.
Client Classification. Citi will treat you as a professional client under applicable regulatory client classification rules. As a professional client, you will receive limited protections under applicable regulatory rules. However, you are entitled to request to be treated as a retail client: as a retail client you would be entitled to additional protections under applicable regulations, including but not limited to greater information provided to you. However, if you seek classification as a retail client we may not be able to provide the same services to you. If you have any questions about or wish to discuss your classification, please contact your Relationship Manager.
Client Classification. 4.1. The Company shall treat the Client as Retail Client by default. The Company offers to the client the possibility to request reclassification. Where a Client requests different classification, he needs to meet certain specified quantitative and qualitative criteria.
4.2. On the basis of 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 classification.
4.3. The client category will determine the level of protection afforded to the Client under applicable legislation. A “Retail Client” is afforded with the highest regulatory protections available. Professional Clients are considered to be more experienced, knowledgeable and sophisticated and able to assess their own risk and are thus afforded fewer regulatory protections.
Client Classification. 8.1. According to Applicable Regulations, IFs must classify their Clients in one of the following categories: Retail Client, Professional Client or Eligible Counterparty. It is noted that the Company treats all of its Clients as Retail Clients.
8.2. Where an IF treats a Client as a Retail Client, the Client is entitled to more protections under the Law, than if the Client was treated as a Professional Client. In summary, these protections are as follows (the list may not be exhaustive):
(a) A Retail Client will be given more information disclosures with regards to the Company, its services, its financial instruments and their performance, the nature and risks of financial instruments, its costs, commissions, fees and charges and the safeguarding of Client financial instruments and Client funds, including summary details of any relevant investor compensation or deposit guarantee scheme, as applicable.
(b) Where the Company is providing the services of Reception & Transmission of orders and/or Execution of Client orders (the Company shall ask a Retail Client to provide information regarding his knowledge and experience in the investment field relevant to the specific type of product or service offered or demanded, so as to enable the Company to assess whether the investment service or product envisaged is appropriate for the Client. In case the Company considers, on the basis of the information received, that the product or service is not appropriate to a Retail Client, it shall warn the Client accordingly. Please note that the Company is not required to assess appropriateness in certain cases specified by the Law (for example but not limited to the situation where on an execution only basis the financial instrument concerned is not complex). On the other hand, the Company shall be entitled to assume that a Professional Client has the necessary experience and knowledge in order to understand the risks involved in relation to those particular investment services or transactions, or types of transaction or product, for which the Client is classified as a Professional Client. Consequently, and unlike the situation with a Retail Client, the Company should not generally need to obtain additional information from the Client for the purposes of the assessment of appropriateness for those products and services for which they have been classified as a Professional Client.
(c) When executing Client orders, the Company must take all reasonable steps to achieve what is ...
Client Classification. 17.1. We shall treat you as a Retail Client for the purposes of the CySEC Rules and the Applicable Regulations. You have the right to request a different method of categorization as is explained under the Client Categorization Policy found on the Company’s Website. However, if you request a different categorization and the Company agrees to such categorization, you accept that the level of protection that is afforded by CySEC Regulations and other Applicable Regulations may differ. The Company cannot enter into title transfer financial collateral arrangements with Retail Clients. Remuneration 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.
17.2. It is understood that we have the right to review the Client’s Categorization and change your Categorization if this is deemed necessary (subject to Applicable Regulations). You accept that when categorizing you and dealing with you, the Company will rely on the accuracy, completeness and correctness of the information provided by you in your Account Opening Application Form and the Financial Suitability Questionnaire. You have the responsibility to immediately notify us in writing if such information changes at any time thereafter.
Client Classification. All clients with whom the firm conducts business are firstly classified into one of three areas. These are retail, professional or eligible counter-party categories, which ultimately allows us to identify the level of regulatory protection in each case. We propose to classify you as a Retail Client for investment purposes affording you the maximum protection under current legislation, unless we inform you in writing of an alternative classification.
Client Classification. 3.1 For the purposes of the FCA Rules and based upon the information you have provided, you shall be classified as either a “Professional Client” or an “Eligible Counterparty”. We will inform you of your client categorisation in a separate notification.
3.2 If you are classified as an “Eligible Counterparty”:
3.2.1 You will receive from us a letter of notice of treatment as an Eligible Counterparty (“Notice Letter”);
3.2.2 In the event of conflict between these Terms and the contents of the Notice Letter, the Notice Letter shall prevail;
3.2.3 You will not be granted a number of the statutory and regulatory protections applicable to “Professional or Retail Clients”. GIS opts out of Client Money protections for Eligible Counterparties. We are not required to provide you with, best execution and information regarding our fees and commissions paid or received;
3.3 If you are classified as a “Professional Client” and notify us in writing that you wish to be classified as an “Eligible Counterparty” and you meet the criteria for such classification, we will treat you as an “eligible counterparty” until you notify us in writing otherwise. We will notify you if we have reason to believe that you no longer meet the criteria for such classification. You may request to be classified as a “retail client”, however, we may be unable to transact any business with you on that basis.
3.4 As a Professional Client, GIS will endeavour to provide a service for you as your agent, which is effective and commercially reasonable. Where you have agreed to be subject to TTCA rules, Property held for Professional Clients may be subject to TTCA, as described under 4.3 and Appendix 3 below. TTCA arrangements can be terminated by giving written notice under Appendix 3 (2.1) below. This will not affect other Terms in this Agreement.
3.5 Non-EEA clients warrant that a Transaction entered into with us is permissible under their relevant home state legislation.
3.6 You agree and acknowledge that you are responsible for keeping us informed about any change that could affect your client classification.
3.7 You agree to inform us of any event affecting your ability to undertake and discharge your obligations.
Client Classification. The type of client category will determine the levels of protection afforded to you under the Financial Services and Xxxxxx Xxx 0000. The firm proposes to classify you in accordance with FCA rules as a Retail Client and the regulatory protection available to you will be the highest available. This agreement is personal to you and not assignable. We may accept instructions from, and give information to, third parties or your other advisers on your behalf where you have confirmed in writing we may do so. We cannot accept any responsibility for errors in information supplied by such persons. Where you are a trustee, director or officer of any trust, corporation or LLP requiring advice you warrant to us that you have the full authority to act on behalf of the same and there are no restrictions on the limits of our advice of which we have not been made aware. We will not be responsible for advising on compliance with your trust, trustee, director or officer obligations.
Client Classification. 6.1. The Company shall in its dealing with the Client apply the rules of professional conduct which govern the Company’s relationship with retail clients. If, however, the Client wishes to be governed by the Company’s regulations governing Professional Clients or as an Eligible Counterparty (as such terms are defined by Laws and Regulations), then the Client must inform the Company in writing, clearly stating such a request. The final decision for changing the Client’s classification will be at the discretion of the Company.
6.2. The Client shall be bound by the method of categorization which is explained thoroughly in the Client Categorization Policy.
