Examples of Elective Professional in a sentence
You may request to be treated as an Elective Professional Client however, if you do so you will lose the protections afforded to Retail Clients under the FCA Rules.Q: How will you keep me informed?A: We will send you a written acknowledgement by the end of the next working day following receipt of your completed Application Form.
Additionally, in the event where an Elective Professional will be provided with the investment service of Investment Advice, the Company may not collect information about the Client’s financial situation.
You may request to be treated as an Elective Professional Client however, if you do so you will lose the protections afforded to Retail Clients under the FCA Rules.
It is noted that by default Professional Clients or Elective Professional Clients are able to trade with higher leverage since the Company allows for the possibility to select a higher level of leverage depending on the Underlying Asset.
The Retail Client may change the leverage of his Client Account by contacting the Company and by requesting to be re-categorised to an Elective Professional Client.
Please note that Elective Professional Clients are captured by the Client Money Rules in the same way as Retail Clients, subject to status and ‘opting up’ requirements.
You may be able to request to be classed as an Elective Professional Client if you are capable of making your own investment decisions and understand the risks involved and satisfy at least two of the following criteria:1.
As a Retail Client, you have the right to request to be treated as an Elective Professional Client either generally or in respect of a particular service, type of transaction or product.
You may be able to request to be classed as an Elective Professional Client if you are capable of making your owninvestment decisions and understand the risks involved and satisfy at least two of the following criteria:1.
A Client who has been categorized as a Retail Client by the Company may ask the Company in writing to be treated as an Elective Professional Client and hence may lose certain protection and Investor Compensation right either generally or in respect of a particular investment service or transaction or type of transaction or product.