Q&A · ESMA
Client categorisation
Answered
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A private individual may be treated as a professional client only on their own written request, in a document separate from other contract terms, after the firm has carried out the Annex II assessment and procedure; firms must not incentivise or pressure clients to make such requests.
Details
| Reference | ESMA_QA_1848 |
|---|---|
| Issuer | ESMA |
| Published | 25 May 2018 |
| Answered | 25 May 2018 |
| Submitted | 25 May 2018 |
| ESMA topics | Client categorisation |
Provisions it relates to
- Annex II MiFID II · PROFESSIONAL CLIENTS FOR THE PURPOSE OF THIS DIRECTIVEExplicit reference · 90%
- MiFID II (whole act)Explicit reference