We need to know your location for regulatory reasons. Please specify the location you work in, which may be different from the location in which your company has its headquarters.
Please select the Investment Category that best describes you:
Please kindly select the relevant category for your total amount of current invested assets, including those in shares, derivatives, cash deposits, collective investment schemes both UCITS and alternative investment funds.
Please kindly describe if you are currently registered or licensed with a regulatory body or have been within the previous three years. If so, please provide the details of the regulatory body and, if readily available, the regulatory reference number.
Do you work within the financial services industry? If so, for how long and what is your current role? If you have previously worked within the financial services industry, but no longer do so, please kindly also note those details here.
Do you consider yourself as able, on the basis of your work experience, to assess the risks associated with investing in (alternative investment funds)?
Please add any other information that you think PCML shall take in account when assessing your experience and knowledge as a professional client to access the restricted area of the web page.
Please note that if you elect to be treated as a Professional Client you will lose certain rights and protections attributed to Retail Clients. The rights you loose are detailed below. Please read the following text in full and indicate your agreement at the bottom of the text.
NOTICE OF TREATMENT AS AN ELECTIVE PROFESSIONAL CLIENT FOR THE PURPOSES OF THE FCA’S RULES ON THE BASIS OF EXPERIENCE AND UNDERSTANDING
The purpose of this document is to advise you that under the rules of the Financial Conduct Authority (“FCA”) we are proposing to categorize you as an Elective Professional Client, for all services, on the basis of your experience and understanding of list investment types and of the risks involved.
We are proposing to categorize you as an Elective Professional Client on the basis that:
We have, on the basis of the information provided, concluded that you meet the qualitative test and that you meet parts x and x of the quantitative test.
Under the rules of FCA we are required to set out details of the protections that you will lose by virtue of this categorization and to seek your written consent to be categorised as an Elective Professional Client. By being categorized as an Elective Professional Client you will lose the protections of the rules which only apply to Retail Clients.
In particular you should note that rules relating to the following areas do not apply, or only partially apply to Elective Professional Clients:
Communicating with clients, including financial promotions
As an Elective Professional Client the way in which we communicate with you may be different to the way in which we would communicate with a Retail Client. However, we must still ensure that our communications with you are fair, clear and not misleading.
As an Elective Professional Client it is possible that you may not meet the definition of a “consumer”. If this is the case then the requirements relating to distance communications will not apply.
Information about firm, its services and remuneration
There are specific pieces of information about the firm, our services and remuneration that we must provide to Retail Clients. We are obliged to provide information on these areas to all clients but the level of detail, medium and timing of the provision is less specific for those clients that are not Retail Clients.
As an Elective Professional Client we are required to have a client agreement with you. However, the medium or this agreement and the timeframe within which is must be agreed are more flexible than they would have been if you were a Retail Client.
When making personal recommendations to you we are entitled to assume that, in relation to the products, transactions and services for which you are classified as an Elective Professional Client that you have the necessary level or experience and knowledge to understand the risk involved in the transaction.
We are not required to provide you with a suitability report for any personal recommendations made.
For transactions where we do not provide you with a personal recommendation (e.g. an execution only trade) we may be required to assess whether the transaction is appropriate for you. In these instances we are entitled to assume that, in relation to the products, transactions and services for which you are classified as an Elective Professional Client that you have the necessary level of experience and knowledge to understand the risks involved in the transaction.
When providing Best Execution to you as an Elective Professional Client, price is likely to be of high relative importance. However we are not obliged to determine the best possible result in terms of the total consideration, representing the price of the financial instrument and the costs related to execution, although this will be one of the factors that we will consider. Furthermore, where there is more than one competing venue to execute an order, as detailed in our Best Execution Policy, we do not have to consider our own commissions and costs relating to each of the eligible execution venues when assessing which to use in order to provide best execution. For further details please refer to our Best Execution Policy.
Reporting information to clients
When providing confirmation that we have carried out your order, the timeframe we have to do so is greater than if you were a Retail Client.
Finally, you should note that the services of the Financial Ombudsman Service may not be available to you as an Elective Professional Client.
If you agree to be categorized as an Elective Professional Client please sign and return the enclosed copy of this letter.
Should you have any queries in relation to this categorization please do not hesitate to contact the undersigned.
Which option best describes your interest in PCM?
Please check the strategies you would like to receive access to: