Elective Professional Client. Clients other than those mentioned in paragraph 1 (Professional clients per se) may be treated as professionals on request. The Company is allowed to treat any of the Retail Clients as Professional provided the relevant criteria and procedure mentioned below are fulfilled. Any waiver of the protection afforded by the standard conduct of business regime will be effected only if an adequate assessment of the expertise, experience and knowledge of the Client, undertaken by the Company, gives reasonable assurance, in light of the nature of the transactions or services envisaged, that the Client is capable of making his own investment decisions and understanding the risks involved. The fitness test applied to managers and directors of entities licensed under Directives in the financial field could be regarded as an example of the assessment of expertise and knowledge. In the case of small entities, the person subject to the above assessment should be the person authorised to carry out transactions on behalf of the entity. In the course of this assessment (fitness test), as a minimum, two of the following criteria should be satisfied:
Appears in 4 contracts
Samples: CFDS Client Agreement, CFDS Client Agreement, CFDS Client Agreement
