Updated 18/09/2024
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Article 45 - Information concerning client categorisation (Article 24(4) of Directive 2014/65/EU)

Article 45

Information concerning client categorisation

(Article 24(4) of Directive 2014/65/EU)

1.  
Investment firms shall notify new clients, and existing clients that the investment firm has newly categorised as required by Directive 2014/65/EU, of their categorisation as a retail client, a professional client or an eligible counterparty in accordance with that Directive.
2.  
Investment firms shall inform clients in a durable medium about any right that client has to request a different categorisation and about any limitations to the level of client protection that a different categorisation would entail.
3.  

Investment firms may, either on their own initiative or at the request of the client concerned treat a client in the following manner:

(a) 

as a professional or retail client where that client might otherwise be classified as an eligible counterparty pursuant to Article 30(2) of Directive 2014/65/EU;

(b) 

a retail client where that client that is considered a professional client pursuant to Section I of Annex II to Directive 2014/65/EU.