Professional investors

Adsen Moore may treat a client as an elective professional client if the following process is followed: 

Adsen Moore undertakes an adequate assessment of the expertise, experience and knowledge of the client that gives reasonable assurance, in light of the nature of the transactions or services envisages, that the client is capable of making his own investment decisions and understanding the risks involved (“the qualitative test”). If the client is an entity, the test should be performed in relation to the person authorised to carry out transactions on its behalf.

At least two of the following criteria are satisfied:  

1. The client has carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters  
2. The size of the client’s financial instrument portfolio exceeds EUR 500,000  
3. The client works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged (“the quantitative test”)

The following procedure is followed:  

1. The client must state in writing to the firm that it wishes to be treated as a professional client either generally or in respect of a particular service or transaction or type of transaction or product;  
2. Adsen Moore must give the client a clear written warning of the protections and investor compensation rights the client may lose; and  
3. The client must state in writing, in a separate document from the contract, that it is aware of the consequences of losing such protections.