Who qualifies as a retail client under the specified criteria?
Understand the Problem
The question is asking to determine which individuals or entities meet the definition of a retail client according to certain financial criteria. We need to analyze the provided options to find out which ones fulfill the requirements.
Answer
A retail client is someone who is not a professional client or an eligible counterparty.
A retail client is someone who is not classified as a professional client or an eligible counterparty.
Answer for screen readers
A retail client is someone who is not classified as a professional client or an eligible counterparty.
More Information
Retail clients are typically considered less financially sophisticated than professional clients or eligible counterparties, so regulations often require extra protections and disclosures for them.
Sources
- FCA definition of retail client - Vestd - vestd.com
- MIFID II CLIENT CATEGORISATION - assets.ctfassets.net
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