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Only for Professional Clients or Eligible Counterparties – access limited and restricted to Mifid II Professional investors and Eligible Counterparties in the European Union and more specifically Sweden, Finland, Luxembourg and Cyprus.
By accessing this site, you confirm that you are a Professional Client or Eligible Counterparty according to Directive 2014/65/EU (“Mifid II”). Please read the following disclaimer carefully before proceeding to access this financial website. By accessing this website, you acknowledge that you have read, understood, and agree to comply with the below information.
The following summary provides an overview of the MiFID II Directive for informational purposes only. While efforts have been made to accurately represent the key provisions and concepts, it is important to note that this summary may contain typos, errors, or misinterpretations. Therefore, the summary should not be considered as a definitive or legally binding interpretation of the MiFID II Directive.
The information provided herein does not constitute legal, financial, or investment advice and should not be relied upon for making business or investment decisions. It is recommended to consult with qualified professionals or refer to the official MiFID II Directive and relevant legal sources for precise and up-to-date information.
By using this summary or relying on its contents, you acknowledge and agree that the creators and operators of this document shall not be held responsible or liable for any inaccuracies, omissions, errors, or misinterpretations contained within. Any actions taken based on the information provided in this summary are at your own risk, and you are solely responsible for seeking appropriate advice and verification from qualified professionals.
Please note that laws and regulations are subject to change, and different interpretations and implementations may exist across jurisdictions. Therefore, it is essential to consult with legal professionals and relevant regulatory authorities to ensure compliance with the MiFID II Directive and any applicable local laws or regulations.
Use this summary and you indicate your acceptance of these terms and conditions, and you agree to release the creators and operators of this document from any liability or responsibility for typos, misinterpretations, or inaccuracies that may arise.
Professional client is a client who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs. In order to be considered to be professional client, the client must comply with the following criteria:
Valid only if an adequate assessment of the expertise, experience and knowledge of the client, undertaken by the investment firm, gives reasonable assurance, in light of the nature of the transactions or services envisaged, that the client is capable of making investment decisions and understanding the risks involved.
The fitness test applied to managers and directors of entities licensed under Directives in the financial field could be regarded as an example of the assessment of expertise and knowledge. In the case of small entities, the person subject to that assessment shall be the person authorised to carry out transactions on behalf of the entity.
In the course of that assessment, as a minimum, two of the following criteria shall be satisfied:
— the client has carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters,
— the size of the client’s financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500 000,
— the client works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged.
This is a distinct category that can be applied to a subset of Professional clients. Eligible counterparties receive the least investor protection.
Source: https://eur-lex.europa.eu/eli/dir/2014/65/oj/eng
Disclaimer: Access Restrictions: The information and services provided on this website are exclusively intended for individuals or entities classified as MiFID II professional investors or eligible counterparties. If you do not fall into either of these categories, you are kindly requested to exit this website immediately.
MiFID II Classification: As per the Markets in Financial Instruments Directive (MiFID II), professional investors are individuals or entities who possess the necessary knowledge, expertise, and experience to make independent investment decisions and understand the risks involved. Eligible counterparties are entities classified as the most sophisticated investors, including financial institutions and regulated entities. If you are unsure of your classification, please consult the relevant regulatory guidelines or seek professional advice.
No Offer or Advice: The information provided on this website does not constitute an offer, solicitation, or recommendation to buy or sell any financial instruments. The content is for informational purposes only and should not be construed as financial, investment, or legal advice. The website does not take into account individual investment objectives, financial situation, or risk tolerance.
Verification of Status: By accessing this website, you confirm that you are a MiFID II professional investor or eligible counterparty and warrant that all the information provided during the registration process or any subsequent interaction with this website is accurate and up to date. The website reserves the right to verify your status and request additional documentation or information to validate your classification.
Liability Limitation: The website, its owners, operators, and affiliates disclaim any liability for any loss or damage arising directly or indirectly from accessing or using the information, services, or content provided on this website, including any errors, omissions, or inaccuracies. Users accessing this website do so at their own risk.
Termination of Access: The website reserves the right to terminate or restrict access to any user found to be in violation of the access restrictions stated in this disclaimer or who provides false or misleading information regarding their MiFID II classification.