Before moving a Retail Client to Professional Client status, IBUK must:
Check your expertise, experience and knowledge to confirm that you can make your own investment decisions and understand the risks involved.
Take reasonable steps to confirm you meet at least two of the following conditions:
- You have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the last four quarters.
- The value of your financial portfolio, including cash and financial instruments, exceeds EUR 500,000.
- You work or have worked in the financial sector for at least one year in a professional role that requires knowledge of the relevant transactions or services.
Meeting these criteria does not mean that we will agree to reclassify you. We will also look at your overall situation and whether opting up is appropriate for you.