Q&A · ESMA
Client categorisation
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
To decide whether an individual's past transactions were of 'significant size' for opting up to professional status, firms should consider the size of transactions in the relevant market, not just the client's own history, and whether each was large enough to give meaningful exposure; leveraged and derivative markets need thresholds suited to their typical notional values.
Details
| Reference | ESMA_QA_1850 |
|---|---|
| Issuer | ESMA |
| Published | 5 May 2018 |
| Answered | 5 May 2018 |
| Submitted | 25 May 2018 |
| ESMA topics | Client categorisation |
| Earlier Q&A document | ESMA 35-43-349 Q&As on MIFIDN II Investor protection Ch 11, question 4 |
Provisions it relates to
- Annex II MiFID II · PROFESSIONAL CLIENTS FOR THE PURPOSE OF THIS DIRECTIVEExplicit reference · 90%
- MiFID II (whole act)Explicit reference