VSC is operating in line with the Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (the “Markets in Financial Instruments Directive (2014/65/EU)”as the same may be in force from time to time and modified or amended from time to time (hereinafter “MiFID II”).
One of the main consequences of MiFID II is that entities carrying on investment business are subject to specific regulatory requirements, including obligations to protect investors. A fundamental part of this regulatory framework is the requirement to categorise clients.
We at Van Sterling Capital Ltd. (hereinafter called the “VSC”) are required under MiFID II to categorise you as Eligible Counterparty, Professional Client or Retail Client so that when carrying out business with you we can provide the level of information, services and protection that is appropriate to and consistent with your categorisation.
This Notice is to inform you that we will, on the basis of the information available to us, treat you as a Retail Client under MiFID II in providing our services to you.
This categorisation will apply to all of our MiFID II-related business with you unless we agree otherwise.
You may, however, request to be treated instead as a Professional Client provided the relevant criteria and procedure are fulfilled.
If we agree to categorise you as a Professional Client, you will waive some of the protections that is afforded by the conduct of business rules to this type of client under the regulatory system.