Elective Professional Client Status

I request to be treated as an Elective Professional Client for the purposes of the Financial Services and Markets Act (Financial Promotion) Order 2001 [MIFID 2007].

I understand that this means:

I will lose the protections applicable exclusively to Retail clients under the FSA rules;

(i) Access to the Financial Ombudsman Services will not extend to me as an Elective Professional Client,

(ii) The right to claim compensation under the Financial Service Compensation Scheme may not always extend to me as an Elective Professional Client.

(iii) Direct offer financial promotions - Arbiter is not obliged to comply with the detailed FSA rules relating to the form, content and checking and otherwise concerning financial promotions;

(iv) Periodic Statements – Arbiter is not obliged to provide periodic statements regarding investments if I have specifically requested Arbiter not to do so, or Arbiter has taken reasonable steps to establish that I do not want them;

I qualify to be treated as an Elective Professional Client because at least two of the following applies:

(a) I have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the last previous four quarters;

(b) The size of my financial instrument portfolio, defined as including cash deposits and financial instruments, exceeds EUR 500,000;

(c) I work, or have worked, in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged;

I accept that I can lose my property and other assets from making investment decisions based on financial promotions.

I understand that I am responsible for keeping Arbiter informed in writing of any change which could affect my client categorization.

I am aware that it is open to me to seek advice from someone who specialises in advising on investments.

Name:
Telephone:
Email:

I confirm that I have read the above important information, and that I qualify to be treated as an Elective Professional Client.