Per Se Professional Client definition

Per Se Professional Client means a client described in Part I of Annex II to MiFID II. ‘person’ means a natural person or legal person.

Per Se Professional Client means a client considered by BNYM (in accordance with Annex II of MiFID) to possess the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs, based upon the client falling into one of categories set out in section I of Annex II of MiFID, which in summary includes: (i) entities which are required to be authorised or regulated to operate in the financial markets; (ii) undertakings whose assets and income meet or exceed minimum levels set out in MiFID II; (iii) national and regional governments, public bodies that manage public debt at national or regional level, central banks and international and supranational institutions; and (iv) other institutional investors whose main activity is to invest in Financial Instruments.

Per Se Professional Client means a client that meets the criteria laid down in the FCA Rules;

Examples of Per Se Professional Client in a sentence

• If you satisfy the definition of Per Se Professional Client or Eligible Counterparty, we may notify you that we will treat you as such.

• As a Per Se Professional Client or Eligible Counterparty, you will therefore not have a proprietary claim over money transferred to us, and we can deal with it in our own right.

• This clause applies only if you have been classified by us as a Per Se Professional Client or Eligible Counterparty following the completion by you of the Personal Trading Account Application Form.

• As a Per Se Professional Client or Eligible Counterparty, our services to you under this Agreement are provided on the understanding that you do not require money which is transferred by you to us to be held in accordance with the Client Money Rules.

• Over the entire sample the range of the forecast error is bounded by 8 percent in absolute value.

• If you have been categorised as a Professional Client but we do not believe that you satisfy the criteria to be a Per Se Professional Client, we will contact you separately to seek your consent to be treated as an Elective Professional Client.

• Per Se Professional Client: Certain clients automatically fall within the definition of Professional Clients (“per se” Professional Clients).

• Certain clients automatically fall within the definition of Professional (“per se” Professional Clients) unless and to the extent that they are eligible counterparties (carrying out eligible counterparty business).PIL UK proposes to categorise you as a Per Se Professional Client with regard to the discretionary investment management services provided.

• These categories derive from MiFID II and include (but are limited to) Retail Clients, Professional Clients (as a Professional Client, you may either be a Per Se Professional Client or an Elective Professional Client) and Eligible Counterparties (as an Eligible Counterparty, you may either be a Per Se Eligible Counterparty or an Elective Eligible Counterparty).

• The Authority has not identified any financial benefit that Santander UK derived directly from its breach.

More Definitions of Per Se Professional Client

Per Se Professional Client means a client who is considered as a professional client in accordance with Section A of Annex III of the LFS;

Per Se Professional Client means a client that meets the criteria laid down in Clause 2 of Schedule 2 of the Regulations;