REQUEST FOR DIFFERENT Sample Clauses

REQUEST FOR DIFFERENT. CLASSIFICATION The following types of requests are provided under the Law; • A Retail Client has the right to request a different classification to become a Professional Client but he will be afforded a lower level of protection. • A Retail Client has the right to request a different classification to become an Experienced Retail Client. • An Experienced Retail Client has the right to request a different classification as a Retail Client. • An Experienced Retail Client has the right to request a different classification as a Professional Client, but he will be afforded a lower level of protection. • A Professional Client has the right to request a different classification as a Retail Client or an Experienced Retail Client in order to obtain a higher level of protection. • A Professional Client has the right to request to be treated as an Eligible Counterparty, obtaining therefore a lower level of protection. • An Eligible Counterparty has the right to request a different classification of either a Professional Client or Experienced Retail Client or Retail Client in order to obtain a higher level of protection. The Company has the right to decline any of the above Clients’ requests for different classification. Professional Clients and Eligible Counterparties are responsible for keeping the Company informed of any change which could affect their current categorization. If the Company becomes aware that the Client no longer fulfills the initial conditions, which made him eligible for a professional treatment, the Company shall take appropriate actions.
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REQUEST FOR DIFFERENT. CATEGORISATION A retail client has the right to request to be re-classified as a “professional client”, as per section 4 of this document. This also means they will be granted a lower level of regulatory protection. A professional client or a eligible counterparty has the right to request to be re-classified as a "retail client” to obtain a higher level of regulatory protection. However, it is the responsibility of the client, to request a higher level of protection when it deems it is unable to properly assess or manage the risks involved in trading in complex financial instruments. Where an eligible counterparty requests treatment as a client whose business with us is subject to FCA COBS protections, but does not expressly request treatment as a retail client, we shall treat that eligible counterparty as a professional client. If an eligible counterparty requests treatment as a retail client, we shall treat the eligible counterparty as a retail client, applying the provisions in respect of non-professional treatment specific in paragraph 4 of Schedule 1 to Regulation (EU) No 600/2014. The request should be made in writing and shall indicate whether the treatment as retail client or professional client refers to one or more investment services or transactions, or one or more types of transaction or product. If, in relation to MIFID or equivalent third country business, a per se professional client requests treatment as a retail client, the client will be classified as a retail client if they enter into a written agreement with us to the effect that it will not be treated as a professional client or eligible counterparty for the purposes of the applicable COBS regime. This agreement must specify the scope of the re-categorisation, such as whether it applies to one or more particular services or transactions, to one or more types of product or transaction or to one or more rules. Before deciding to accept any of the above requests, we will take all reasonable steps to ensure that the client meets the relevant criteria of the category of their request. Upon receipt of a re-categorization request, we shall inform the Client, in writing, about the rights and protections of the different categorisation and about any limitations to the level of client protection that new category would entail.‌ Before services are provided, new clients will be notified of how FFS have categorised them. Clients will also receive a link to the “Client Agreement” which advises new ...
Sample 1
REQUEST FOR DIFFERENT. CATEGORISATION ln accordance with Section ll above, the following request may be submitted to the companys 1313
Sample 1

Related to REQUEST FOR DIFFERENT

  • Request for Payment A. Not more than once every thirty days the Consultant shall file its request for payment, accompanied by evidence satisfactory to the City justifying the request for payment, including a report of Work accomplished and tasks completed, and an itemization of Eligible Expenses with copies of receipts and invoices.

  • REQUEST FOR REVIEW Within sixty (60) days after receiving notice from the Plan Administrator that a claim has been denied (in part or all of the claim), then claimant (or their duly authorized representative) may file with the Plan Administrator, a written request for a review of the denial of the claim. The claimant (or his duly authorized representative) shall then have the opportunity to submit written comments, documents, records and other information relating to the claim. The Plan Administrator shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits.

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