Fca Client Agreement

If this is the case, C2 is not F`s customer with respect to this activity and C1. 3. Is there an agreement in paragraph 2 (a) for more than one c2; F may fulfil any obligation to notify, approve or conclude an agreement with any C2 by sending or receiving from C1 a single notification expressed for each C2, except that for each C2 it is necessary: b) information relating to this agreement or to these investments or services covered by Article 47. If we treat you as an eligible consideration, you are entitled to protection under the law that you, as a professional customer, with respect to the receipt and transmission of orders, the execution of orders and/or an incidental benefit directly related to these transactions. In addition to the above, if we treat you as an eligible consideration, we are not obligated: (1) If a company (F) knows that a person (C1) is acting with or for whom it provides services as an agent for another person (C2) in relation to these services, C1 and not C2 is the customer of F in relation to this transaction. 2. Paragraph 1 does not apply when a professional client is a client who is either a professional client “in itself” or an “optional” professional client. 2. However, a company`s documents must also reflect the reality of its relationship with its customers. Documents stating that the role of a business is only execution will not help the company if it does provide advice. As noted in the recent Parmar/Barclays decision, the courts will examine the content of a relationship (not just contractual denominations) and use COBS 2.1.2 to disqualify separate clauses from reality. A customer who is either an eligible “in-per-person” or “eligible” counterparty provider. Customers can only be an eligible consideration if the entity performs one of the following activities for them: the Financial Services Compensation Scheme (FSCS) is the UK`s compensation fund of last resort for customers of licensed financial services companies.

This means that SSSCs can pay compensation to consumers if we become insolvent or if we cease trading. Our retail clients are covered by the FSCS investment category, where the maximum compensation coverage is $50,000 per person per regulated company. If there has been a lack of resources, private clients can benefit from up to $50,000 of the deficit, according to the FSCS. A retail customer is a customer who is not a professional customer or an eligible counterpart. In general, the experience of a private client is not considered relevant or sufficient for the investment activity. This is why private clients receive the highest protection under the ACF plan.