Q&A · ESMA
Client categorisation
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
A private individual who has traded on the relevant market for less than a year cannot meet the trading-frequency criterion for opting up to professional status, since it is assessed over the previous four quarters, but may still meet the portfolio-size and professional-experience criteria.
Details
| Reference | ESMA_QA_1851 |
|---|---|
| Issuer | ESMA |
| Published | 25 May 2018 |
| Answered | 25 May 2018 |
| Submitted | 25 May 2018 |
| ESMA topics | Client categorisation |
| Earlier Q&A document | ESAM 35-43-349 MiFID II Q&As on Investor protection Ch 11, question 5 |
Provisions it relates to
- Annex II MiFID II · PROFESSIONAL CLIENTS FOR THE PURPOSE OF THIS DIRECTIVEExplicit reference · 90%
- MiFID II (whole act)Explicit reference