For the purposes of the FCA Rules we categorise you as a retail client so, unless you are a large undertaking, you are afforded the maximum protections available under the FCA Rules.

You have the right to request to be categorised as a professional client, however we will not offer this lower degree of protection to clients. You therefore need to confirm that you agree to be categorised as a Retail client.

A retail client is defined by the FCA as a client who is not a professional client or an eligible counterparty.

A professional client is defined as an entity required to be authorised or regulated to operate in the financial markets.

An eligible counterparty is defined as:

(1) an investment firm;
(2) a credit institution;
(3) an insurance company;
(4) a collective investment scheme authorised under the UCITS Directive or its management company;
(5) a pension fund or its management company;
(6) another financial institution authorised or regulated under EU legislation or the national law of an EEA State;
(8) a national government or its corresponding office, including a public body that deals with public debt at national level;
(9) a central bank; and
(10) a supranational organisation.

If you have any questions about this please contact us at help@vestd.com

Our team, content and app can help you make informed decisions. However, any guidance and support should not be considered as 'legal or financial advice'.

Did this answer your question?