How can we help you?

• Professional investor:

You are likely to be a professional investor if you are:

1. An entity that is required to be authorised or regulated to operate in the financial markets in accordance with the laws applicable to it. This includes, but is not limited to: credit institutions, investment firms, other authorised or regulated financial institutions, insurance companies, collective investment schemes and management companies of collective investment schemes, pension funds and management companies of such funds.

2. Large undertakings in accordance with applicable legislation (such as MiFID).

3. National and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations.

4. Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions.

Investors who do not satisfy the above criteria, may be treated as professional investors upon request, provided that relevant criteria and procedure as set out in MiFID are fulfilled.

The final determination of whether you are a professional investor depends on the laws of the jurisdiction applicable to you as an investor and the eligibility requirements of the fund.

The term “Professional investor” includes professional clients in terms of MiFID and AIFMD.

• Professional intermediary

You are likely a professional intermediary if you are a professional advisor to a professional investor.

• Retail investor:

You are likely to be a retail investor if you do not satisfy the criteria of “professional investor” as set out above.