Please note that as a consequence of this categorisation as an “Elective Professional Client” you will lose the protections afforded to “Retail Clients” under the FCA Rules which include the following:
We are not obliged to warn you of the nature of any risks involved in investments that we may advertise or recommend to you.
Suitability and Appropriateness
In terms of suitability we are reliant upon you to determine whether or not an investment that we recommend to you is suitable for your needs except as detailed below. In terms of appropriateness we are not responsible for ensuring that your knowledge, experience, and investment objectives are suitable for our recommendations.
You may lose your right to compensation under the Financial Ombudsman Service. You should also be aware that your rights to sue Absolute Return Partners LLP for damages will be restricted as you will only be able to sue for breaches of obligation which do not include the “Retail Clients” protections noted above.
FCA Protections that you are still subject to include:
- We are under obligation to set out in writing the basis on which the services we will provide to you will be affected;
- We are required to inform you of the charges applicable in relation to the services that we will provide, and will continue to charge you in accordance with the scale already agreed unless we advise you to the contrary;
- We have to provide you with “best execution”.