Elective Professional Client definition

Elective Professional Client means a client described in Part II of Annex II to MiFID II. ‘financial instrument’ has the meaning assigned to it under Article 4 of MiFID II. ‘grandfathered person’ has the meaning assigned to it under Section 1.5 of this Code.
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Elective Professional Client means a client categorised by BNYM as a professional client following the client’s request for it to be categorised in this way (generally or in respect of certain Investment Services or Transactions, or types of Transaction or product) and BNYM’s agreement to do so, and where the procedures and criteria set out in section II of Annex II of MiFID are fulfilled, which include (but are not limited to): (i) BNYM’s assessment of the expertise, experience and knowledge of the client giving BNYM reasonable assurance, in light of the nature of the transactions or services envisaged, that the client is capable of making investment decisions and understanding the risks involved; and (ii) the client satisfying at least two of the following criteria: (a) the client has carried out Transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters; (b) the size of the client’s Financial Instrument portfolio, defined as including cash deposits and Financial Instruments, exceeds EUR 500,000, and
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Elective Professional Client means a client that meets the criteria laid down in the FCA Rules;
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Examples of Elective Professional Client 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.

  • The Company shall be entitled to assume that an Elective Professional Client or 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.

  • Clients who shall be treated as Professional Clients acknowledge to waive their rights for certain regulatory protections and understand the consequences of losing such protections according to the Elective Professional Client Lower Protection paragraph below.

  • 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.

  • The categorisation as a Per Se/ Elective Professional Client and/or Eligible Counterparty implies that you are subject to a lower degree of client protection under the Laws, than if you were to be categorised as a Retail Client.

  • Where a registered person becomes aware that the circumstances of an Elective Professional Client have changed to an extent that the client no longer fulfils the criteria to be an Elective Professional Client, the registered person must re-classify the Elective Professional Client as a Retail Client and inform the client, in writing, without delay.

  • A ny S t a t e a ss u m p t io n of r espo n sibili t y m u s t m ee t t h e c r i t e r i a specified i n § 258.74( l).( k ) Use of multiple mechanisms.

  • Your regulatory protection: For the purpose of the MFSA Rules, XNT has categorised and shall treat you as a Per Se/ Elective Professional Client and/or Eligible Counterparty, as specified in the Client Categorisation Form, when conducting business with you.

  • A Retail Client requesting to be categorised as a Professional Client (i.e. Elective Professional Client).

  • The client works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged; In order to be considered as an Elective Professional Client, an applicant must formally declare his/her eligibility by signing the HCIT1 Professional Client Declaration and Elective Professionals Mandatory Warnings forms.


More Definitions of Elective Professional Client

Elective Professional Client means a client that meets the criteria laid down in Clause 4 of Schedule 2 of the Regulations;
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Elective Professional Client means a client who:
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Elective Professional Client has such meaning as set forth in the FCA Rules. “Eligible Counterparty” has such meaning as set forth in the FCA Rules. "Event of Default" has the meaning specified in Clause 14 (Termination).
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Elective Professional Client means a client who elects to be categorized as a professional client pursuant to Rule 15(5) of these Rules;
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Elective Professional Client means an elective professional client, as defined in COBS 3.5.3R, set out in Annex A;
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Related to Elective Professional Client

  • Professional Client means a client meeting the criteria laid down in Annex II;

  • Medical professional means any person licensed or certified to provide health care services to

  • Health professional means any of the following:

  • Qualified mental health professional means a licensed medical practitioner or any other person meeting the qualifications specified in OAR 309-019-0125.

  • Foreign professional corporation means a professional corporation organized under laws other than the laws of this state.

  • Mental health professional means a psychiatrist,

  • Licensed mental health professional or "LMHP" means a physician, licensed clinical psychologist, licensed professional counselor, licensed clinical social worker, licensed substance abuse treatment practitioner, licensed marriage and family therapist, certified psychiatric clinical nurse specialist, licensed behavior analyst, or licensed psychiatric/mental health nurse practitioner.

  • Allied Health Professional means a person registered as an allied health professional with the Health Professions Council;

  • Qualified professional means, for the purposes of OAR 411-320- 0080, any of the following licensed professionals trained to make a diagnosis of a specific intellectual or developmental disability:

  • Licensed professional counselor means a counselor licensed by a member state, regardless of the title used by that state, to independently assess, diagnose, and treat behavioral health conditions.

  • Licensed health care professional means a person who possesses a professional medical license that is valid in Oregon. Examples include, but are not limited to, a registered nurse (RN), nurse practitioner (NP), licensed practical nurse (LPN), medical doctor (MD), osteopathic physician (DO), respiratory therapist (RT), physical therapist (PT), physician assistant (PA), or occupational therapist (OT).

  • Accrued Professional Compensation means, at any given moment, all accrued, contingent and/or unpaid fees and expenses (including, without limitation, success fees) for legal, financial advisory, accounting and other services and reimbursement of expenses that are awardable and allowable under section 328, 330(a) or 331 of the Bankruptcy Code and were rendered before the Effective Date by any Retained Professional in the Chapter 11 Cases, or that are awardable and allowable under section 503 of the Bankruptcy Code, that have not been denied by a Final Order, all to the extent that any such fees and expenses have not been previously paid (regardless of whether a fee application has been filed for any such amount). To the extent that the Bankruptcy Court or any higher court denies or reduces by a Final Order any amount of a Retained Professional’s fees or expenses, then those reduced or denied amounts shall no longer constitute Accrued Professional Compensation.

  • Health profession means those licensed or regulated professions set forth in RCW 18.120.020(4).

  • Design Criteria Professional means a firm who holds a current certificate of registration under Chapter 481 of the Florida Statutes, to practice architecture or landscape architecture, or a firm who holds a current certificate as a registered engineer under Chapter 471 of the Florida Statutes, to practice engineering, and who is employed by or under contract to the District to provide professional architect services, landscape architect services, or engineering services in connection with the preparation of the Design Criteria Package.

  • Health care professional means a physician or other health care practitioner licensed, accredited or certified to perform specified health care services consistent with state law.

  • Designated Employer Representative (DER) means a designated school district representative authorized to take immediate action to remove employees from safety-sensitive duties, to make required decisions in the testing and evaluation process, and to receive test results and other communications for the school district.

  • Multiphase professional services contract means a contract for the providing of professional

  • Professional service or professional services means a professional service or professional services as defined in the Health Insurance Act 1973.

  • Registered professional engineer means a person who is registered as a professional engineer pursuant to s. 443.04, Stats.

  • Retained Professional means an Entity: (a) employed in the Chapter 11 Cases pursuant to a Final Order in accordance with sections 327 and 1103 of the Bankruptcy Code and to be compensated for services rendered prior to the Effective Date, pursuant to sections 327, 328, 329, 330, or 331 of the Bankruptcy Code; or (b) for which compensation and reimbursement has been allowed by the Bankruptcy Court pursuant to section 503(b)(4) of the Bankruptcy Code.