Sophisticated Client definition
Sophisticated Client means a client to whom, because of section 311 (1) (c) or (d) , disclosure under section 308 or 309 (1) is not or was not required. "third party payer" see section 301 (1) . "uplift fee" means additional legal costs, excluding disbursements, payable under a costs agreement on the successful outcome of the matter to which the agreement relates. AustLII: Copyright Policy | Disclaimers | Privacy Policy | Feedback
Sophisticated Client. The person that maintains during the last twelve months an average of Securities investments in one or many financial entities an amount equal to or higher than 3’000,000 (three million) investment units, or has obtained in each of the past two years an annual gross income equal or higher to 1’000,000 (one million) investment units. “Trading or promotion”.- Bank services, through its representatives to conclude transactions with the public and by any mean, general recommendations independent of the Client’s profile, of services the Bank provides, or, on the Securities or instruments detailed in the applicable provision. The Bank may trade or promote Securities different to those stated in the provisions, either being Institutional investors or sophisticated Clients.
Sophisticated Client. A person that has investments in Securities in one or several financial entities, for the amounts and periods determined by the Commission through the General Provisions.
More Definitions of Sophisticated Client
Sophisticated Client. A person that in average holds, during the last twelve months, investments in Securities in one or several financial entities, in an amount equal to or exceeding 3,000,000 (three million) investment units, or that has obtained in each of the last two years, gross annual income equal to or exceeding 1,000,000 (one million) investment units.