Client Categorisation. As per the provisions of ▇▇▇▇▇ ▇▇, the Company will deal with the Client according to the type of categorisation of the Client as a Retail Client, Professional Client or Eligible Counterparty, in accordance with the information provided to the Company during the account opening procedure. The three categories attempt to reflect both the clients’ level of knowledge and experience in the financial markets as well as their ability to understand and tolerate the risks emerging from their investment decisions so as to adopt appropriate measures suiting the characteristics of each category of clients. MiFID II establishes certain criteria, which the Company shall follow when categorising the clients and communicates the outcome to them by email. These criteria have been incorporated into the Client Categorization Policy of the Company. Following the provisions of ▇▇▇▇▇ ▇▇, the Company acknowledges that the level of regulatory protection varies according to each category of clients. More specifically, Retail Clients are to afford the most regulatory protection. Professional Clients and Eligible Counterparties are deemed to be more experienced, knowledgeable and sophisticated and able to assess the risks involved. As a result, they are to be afforded fewer regulatory protections. The Client shall inform the Company immediately in case the Client’s personal information changes. In the event that the Client wishes to be recategorized, he must inform the Company in writing, clearly stating such a wish, as per the provisions of the Client Categorisation Policy, uploaded on the website. The final decision for the change in the Client’s categorization, however, is in the absolute discretion of the Company. The Client is bound by the method and process of categorization as this is defined and thoroughly explained in the “Client Categorisation Policy” which can be found on the Company’s website. Therefore, by accepting these terms and conditions, the client accepts the application of the categorization method. The client acknowledges and accepts that he has read and accepted the “Client Categorization Policy” document, provided during the registration process and which is uploaded on the Company’s official website. The Company reserves its right to revoke or change its Client Categorization Policy at any time as this will be announced on the Company’s website.
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Sources: Terms and Conditions, Terms and Conditions, Terms and Conditions
Client Categorisation. As per the provisions of ▇▇▇▇▇ ▇▇, the Company will deal with the Client according to the type of categorisation of the Client as a Retail Client, Professional Client or Eligible Counterparty, in accordance with the information provided to the Company during the account opening procedure. The three categories attempt to reflect both the clients’ level of knowledge and experience in the financial markets as well as their ability to understand and tolerate the risks emerging from their investment decisions so as to adopt appropriate measures suiting the characteristics of each category of clients. MiFID II establishes certain criteria, which the Company shall follow when categorising the clients and communicates the outcome to them by email. These criteria have been incorporated into the Client Categorization Policy of the Company. Following the provisions of ▇▇▇▇▇ ▇▇, the Company acknowledges that the level of regulatory protection varies according to each category of clients. More specifically, Retail Clients are to afford the most regulatory protection. Professional Clients and Eligible Counterparties are deemed to be more experienced, knowledgeable and sophisticated and able to assess the risks involved. As a result, they are to be afforded fewer regulatory protections. The Client shall inform the Company immediately in case the Client’s personal information changes. In the event that the Client wishes to be recategorized, he must inform the Company in writing, clearly stating such a wish, as per the provisions of the Client Categorisation Policy, uploaded on the website. The final decision for the change in the Client’s categorization, categorization however, is in the absolute discretion of the Company. The Client is bound by the method and process of categorization as this is defined and thoroughly explained in the “Client Categorisation Policy” which can be found on the Company’s website. Therefore, by accepting these terms and conditions, the client accepts the application of the categorization methodmethod as this is defined in the “Client Categorisation Policy”. The client acknowledges and accepts that he has read and accepted the “Client Categorization Policy” document, provided during the registration process and which is uploaded on the Company’s official website. The Company reserves its right to revoke or change its Client Categorization Policy at any time as this will be announced on the Company’s website.
Appears in 1 contract
Sources: Terms and Conditions
Client Categorisation. As per 6.1. Weshall treat youasa Retail Client for the provisions purposes of ▇▇▇▇▇ ▇▇the CySEC Rules andthe Applicable Regulations.. By categorising its Clients as Retail Clients the Company provides the highest possible level of protection compared toa Professional Client or Eligible Counterparties.
6.2. Clients who have been categorised as Retail Clients by the Company may request from the Company in writing to be treated either as Professional Clients or Eligible Counterparties (and hence may lose certain protection and investor compensation rights), either generally or in respect of a particular investment service or transaction, or type of transaction or product. The Company reserves the right and at its discretion, may decide not to take into consideration such treatment and consequently decline any requests for different classification. 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.
6.3. 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.
6.4. It is understood that we have the right to review the Client’s Categorization andchangeyour Categorization if this is deemed necessary (subject to Applicable Regulations). Youaccept that when categorizing you and dealing with you, the Company will deal with rely on the Client according to the type accuracy, completeness and correctness of categorisation of the Client as a Retail Client, Professional Client or Eligible Counterparty, in accordance with 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.
6.5. Clients are responsible for keeping the Company during the account opening procedureinformed if there is a change in their personal circumstances that could affect their categorisation as such.
6.6. The three categories attempt to reflect both the clients’ level of knowledge Clients acknowledge and experience in the financial markets as well as their ability to understand accept that they have read and tolerate the risks emerging from their investment decisions so as to adopt appropriate measures suiting the characteristics of each category of clients. MiFID II establishes certain criteria, which the Company shall follow when categorising the clients and communicates the outcome to them by email. These criteria have been incorporated into the Client Categorization Policy of accepted the Company. Following the provisions of ▇▇▇▇▇ ▇▇, the Company acknowledges that the level of regulatory protection varies according to each category of clients. More specifically, Retail Clients are to afford the most regulatory protection. Professional Clients and Eligible Counterparties are deemed to be more experienced, knowledgeable and sophisticated and able to assess the risks involved. As a result, they are to be afforded fewer regulatory protections. The Client shall inform the Company immediately in case the Client’s personal information changes. In the event that the Client wishes to be recategorized, he must inform the Company in writing, clearly stating such a wish, as per the provisions of the Client Categorisation Policy, uploaded on the website. The final decision for the change in the Client’s categorization, however, is in the absolute discretion of the Company. The Client is bound by the method and process of categorization as this is defined and thoroughly explained in the “Client Categorisation Policy” which can be found on the Company’s website. Therefore, by accepting these terms and conditions, the client accepts the application of the categorization method. The client acknowledges and accepts that he has read and accepted the “Client Categorization Policy” document, was provided during the registration process and which is uploaded publicly available on the Legal Documentation section in the Company’s official website. The Company reserves its right Main Website as amended from time to revoke or change its Client Categorization Policy at any time as this will be announced on the Company’s websitetime.
Appears in 1 contract
Sources: Trading Terms and Conditions
Client Categorisation. As per the provisions of ▇▇▇▇▇ ▇▇, the Company will deal with the Client according to the type of categorisation of the Client as a Retail Client, Professional Client or Eligible Counterparty, in accordance with the information provided to the Company during the account opening procedure. The three categories attempt to reflect both the clients’ level of knowledge and experience in the financial markets as well as their ability to understand and tolerate the risks emerging from their investment decisions so as to adopt appropriate measures suiting the characteristics of each category of clients. MiFID II establishes certain criteria, which the Company shall follow when categorising the clients and communicates the outcome to them by email. These criteria have been incorporated into the Client Categorization Policy of the Company. Following the provisions of ▇▇▇▇▇ ▇▇, the Company acknowledges that the level of regulatory protection varies according to each category of clients. More specifically, Retail Clients are to afford the most regulatory protection. Professional Clients and Eligible Counterparties are deemed to be more experienced, knowledgeable and sophisticated and able to assess the risks involved. As a result, they are to be afforded fewer regulatory protections. The Client shall inform the Company immediately in case the Client’s personal information changes. In the event that the Client wishes to be recategorized, he must inform the Company in writing, clearly stating such a wish, as per the provisions of the Client Categorisation Policy, uploaded on the website. The final decision for the change in the Client’s categorizationcategorisation, however, is in the absolute discretion of the Company. The Client is bound by the method and process of categorization as this is defined and thoroughly explained in the “Client Categorisation Policy” which can be found on the Company’s website. Therefore, by accepting these terms and conditions, the client accepts the application of the categorization methodmethod as this is defined in the “Client Categorisation Policy”. The client acknowledges and accepts that he has read and accepted the “Client Categorization Policy” document, provided during the registration process and which is uploaded on the Company’s official website. The Company reserves its right to revoke or change its Client Categorization Policy at any time as this will be announced on the Company’s website.
Appears in 1 contract
Sources: Terms and Conditions