Certified sophisticated investor meaning

Scope of this Practice Note The Financial Conduct Authority’s (FCA) chapter 4 of the Conduct of Business sourcebook (COBS 4) broadly applies to firms when they communicate with a client or prospective client while undertaking designated investment business, MiFID business, equivalent third country business or optional exemption business, and when they communicate or approve a financial promotion relating to investment business. This Practice Note reviews COBS 4.12A and COBS 4.12B, which set out the rules on promoting restricted mass market investments (RMMIs) and non-mass market investments (NMMIs). It also addresses the provisions in COBS 4.13 concerning the marketing of undertakings for collective investment in transferable securities (UCITS). This Practice Note forms part of a wider series examining the COBS 4 rules and should be read alongside the following Practice Notes: Introduction to the FCA COBS 4 rules Application of the FCA’s COBS 4 rules FCA COBS 4 rules—Putting together financial promotions FCA COBS 4 rules—Form and content of promotions COBS...

Exemptions from the financial promotion restriction This Practice Note examines exemptions from the financial promotion restriction that are most pertinent to financial services practice. For broader detail on the restriction in general, see Practice Note: The financial promotion regime—essentials. The exemptions to the restriction fall into three categories and are contained in the Financial Services and Markets Act 2000 (Financial Promotions) Order 2005, SI 2005/1529 (FPO). They are arranged by type of activity: provisions covering every controlled activity (FPO SI 2005/1529, Pt IV) provisions for deposits and insurance (FPO SI 2005/1529, Pt V) provisions for specified controlled activities, excluding deposit taking (FPO SI 2005/1529, Pt VI) provisions for controlled claims management activities (FPO SI 2005/1529, Pt VIA, arts 73A–73J) For guidance on the exemptions applying to all controlled activities, see Practice Note: Exemptions for all controlled activities; for guidance on deposits and insurance, see Practice Note: Exemptions for deposits and insurance; and for controlled claims management activities, see Practice...

Warning: This promotional material has not been signed off or otherwise approved by an authorised person as defined under the Financial Services and Markets Act 2000. If you rely on this promotion when undertaking any investment activity, you could potentially face a particularly substantial financial risk of losing the entirety of the capital or other assets you commit. This document is issued by [ insert the name of the person making the financial promotion, or on whose behalf the financial promotion is made ]. Anyone receiving this document who requires additional details, or wishes to raise any other enquiry concerning the subjects to which this communication pertains, should send a request to [ insert the postal or electronic address to which a recipient should send such requests. Also, if applicable, insert the country or territory in which the person making the financial promotion, or on whose behalf the financial promotion is made, is incorporated. Also, provide the registered address of the person making the financial promotion, or on whose...