The following summary provides an overview of MiFID II Directive for informational purposes only. While efforts have been made to accurately represent the key provisions and concepts, it is important to note that this summary may contain typos, errors, or misinterpretations. Therefore, the summary should not be considered as a definitive or legally binding interpretation of MiFID II Directive.
The information provided herein does not constitute legal, financial, or investment advice and should not be relied upon for making business or investment decisions. It is recommended to consult with qualified professionals or refer to the official MiFID II Directive and relevant legal sources for precise and up-to-date information.
By using this summary or relying on its contents, you acknowledge and agree that the creators and operators of this document shall not be held responsible or liable for any inaccuracies, omissions, errors, or misinterpretations contained within. Any actions taken based on the information provided in this summary are at your own risk, and you are solely responsible for seeking appropriate advice and verification from qualified professionals.
Please note that laws and regulations are subject to change, and different interpretations and implementations may exist across jurisdictions. Therefore, it is essential to consult with legal professionals and relevant regulatory authorities to ensure compliance with MiFID II Directive and any applicable local laws or regulations.
Use this summary and you indicate your acceptance of these terms and conditions, and you agree to release the creators and operators of this document from any liability or responsibility for typos, misinterpretations, or inaccuracies that may arise.
Professional client
Professional client is a client who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs. In order to be considered to be professional client, the client must comply with the following criteria:
Valid only if an adequate assessment of the expertise, experience and knowledge of the client, undertaken by the investment firm, gives reasonable assurance, in light of the nature of the transactions or services envisaged, that the client is capable of making investment decisions and understanding the risks involved.
The fitness test applied to managers and directors of entities licensed under Directives in the financial field could be regarded as an example of the assessment of expertise and knowledge. In the case of small entities, the person subject to that assessment shall be the person authorised to carry out transactions on behalf of the entity.
In the course of that assessment, as a minimum, two of the following criteria shall be satisfied: — the client has carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the previous four quarters, — the size of the client’s financial instrument portfolio, defined as including cash deposits and financial instruments exceeds EUR 500 000, — the client works or has worked in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged.
Eligible Counterparties
This is a distinct category that can be applied to a subset of Professional clients. Eligible counterparties receive the least investor protection.
This website is produced, published and maintained by Fondsmæglerselskabet CABA Capital A/S (“CABA Capital”). CABA Capital offers this website as a service and as a source of information for the user. The information on the website is general information that only relates to Danish and European legislation.
CABA Capital has taken reasonable care to ensure that any information is complete and correct. However, CABA Capital does not guarantee that this is the case and assumes no responsibility for errors, typos or omissions. All information is subject to change without prior notice.
CABA Capital strives to secure the website and thereby the users but cannot be held responsible for technical errors, interruptions or malware etc. visitors may incur when visiting this or linked websites.
Links to other websites have only been established for the user’s convenience and CABA Capital assumes no responsibility for information made available by third parties, regardless of whether access to this can be obtained via a link placed on this or related websites.
Please refer to Prospectus and PRIIPS-KID before making any final investment decisions. The marketing material on this website is produced by CABA Capital with the intend of orientation. The information does not constitute an offer to buy or sell any investment. CABA Capital and its affiliates do not provide tax, legal or accounting advice. The material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
All investments in securities involve risks, which include (among others) the risk of adverse or unanticipated market-, financial- or political developments and, in international transactions, currency risk. Due to such risks, the value of securities may appreciate as well as depreciate.
The presented funds employ leverage, which may increase volatility and amplify both gains and losses, thereby entailing a higher level of risk. The funds can employ leverage of up to 20 times the assets under management of the respective funds.
Past performance does not predict future returns. Future performance is subject to taxation which depends on the personal situation of each investor, and which may change in the future.
Presented scenarios are an estimate of future performance based on evidence from the past on how the value of this investment varies, and/or current market conditions and are not an exact indicator. What you will get will vary depending on how the market performs and how long you keep the investment/product. Simulated past performance (back-test) is not a reliable indicator of future performance.
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