Q&A · ESMA
Client categorisation
Answered
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Firms may treat a private individual as a professional client on request only after an adequate assessment of their expertise, experience and knowledge: meeting two of the Annex II quantitative criteria is necessary but not always sufficient, and requests should not be accepted automatically.
Details
| Reference | ESMA_QA_1849 |
|---|---|
| Issuer | ESMA |
| Published | 25 May 2018 |
| Answered | 25 May 2018 |
| Submitted | 25 May 2018 |
| ESMA topics | Client categorisation |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch. 11, question 3 |
Provisions it relates to
- Annex II MiFID II · PROFESSIONAL CLIENTS FOR THE PURPOSE OF THIS DIRECTIVEExplicit reference · 90%
- MiFID II (whole act)Explicit reference