A High Net Worth Individual (“HNWI”) is exempt under article 48 of the FSMA 2000 if they had an annual income to the value of £100,000 or more throughout the financial year immediately preceding today's date and/or had net assets to the value of £250,000 or more throughout the financial year immediately preceding today's date. Net assets for these purposes do not include:
A certified sophisticated investor is an individual:
High net worth companies are exempt under article 49 of the FSMA 2000 (Financial Promotion) Order 2005. This includes :
A Professional Client is a client who is not designated as a Retail Client as per the FCA Conduct of Business Handbook https://www.handbook.fca.org.uk/handbook/COBS/3/5.html
Each of the following is a Professional Client unless and to the extent it is an Eligible Counterparty or is given a different categorisation:
To enable us to categorise you as an Elective Professional Opt Up you will need to complete a questionnaire.
After this has been completed you must follow the instruction in the statement below.
The statement below details the rights and protections afforded to Retail investors that are lost when the client opts up to be designated as a Professional.
The statement below must be read and understood:
STATEMENT: Financial Conduct Authority (“FCA”) Classification
On the basis of information we have about you, or you have given us, and with reference to the rules of the FCA (see http://fshandbook.info/FS/html/FCA/COBS/3/5), we have categorised you as a Professional client by reason of your expertise, experience and knowledge in relation to investing in our financial products and other investment opportunities.
Please note that your categorisation as an elective Professional client applies only for the purpose of enabling us or our affiliates to promote financial products and investment opportunities to you and that you will not be treated as our client for any other purpose.
As a consequence of this categorisation, we are informing you that you will lose the protections afforded exclusively to Retail clients under the FCA rules. In particular: