Professional Client Declaration
As a Professional Client you are considered to be more experienced and knowledgeable in the market in which you propose to deal as well as being able to assess your own risk and you understand that you are afforded fewer regulatory protections. On the basis of the information you will give, or have given to us, and other information available to us, we will categorise you as a Professional Client, by reason of your experience and understanding, in relation to fund and investment selections. Accordingly you will lose all of the protection afforded to the Retail Clients under the FCA New Conduct of Business Rules (‘the Rules’).
- You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous 4 quarters
- The size of your financial instrument portfolio, defined as including cash deposits and financial instruments (excluding property and pensions), exceeds EUR 500,000.
- You work or have worked in the financial sector for at least one year in a professional position, which requires knowledge of the transaction or services envisaged.
Suitability and appropriateness
In assessing the suitability or appropriateness of any transaction or investment it will be assumed that you, as a Professional Client, have sufficient knowledge and expertise to understand the risks associated with that transaction or investment and in relation to the assessment of suitability you will have sufficient financial resources to bear the risk associated with such transaction or investment.
Financial Ombudsman Service
Access to the Financial Ombudsman Service will not extend to you as a Professional Client. Any complaint you make will be dealt with under our internal complaints procedure.
Disclosure of detailed information on the services
We will not be required to disclose to you in writing certain detailed information, which we are required to disclose to Retail Clients. This includes additional detailed information on product and transactional charges, remuneration and/or adviser charges and/or commission.
Communication
We may have regard to your expertise as a Professional Client when complying with the rules that require that our communication be clear, fair and not misleading.
Financial promotion
Certain rules relating to financial promotions to clients or potential clients, including the requirement that the financial promotion must be fair, clear and not misleading, be identifiable as such and contain certain specific items of information do not apply.
Direct offer financial promotions
We will not be obliged to comply with the rules relating to restrictions on and the required contents of direct offer financial promotions.
Please confirm your acceptance and understanding of the above by signing the declaration below:
I confirm that I wish to be treated as a Professional Client by Falco Group Ltd and I have read and understood the written warning above regarding the protections and compensation rights I may lose. I am fully aware of the consequences of losing such regulatory protections as a result, and that it is up to me to inform Falco Group Ltd of any changes that could affect my categorisation.
Full risk document
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