Eligibility Confirmation and Auto Password Request

*Professional Client

I confirm that I am a Professional Client for the purposes of the Financial Services and Markets Act (Financial Promotion) Order 2001 [MIFID 2007] because I satisfy 1 of the following options:

Or

Balance sheet total: EUR 20,000,000

Net turnover: EUR 40,000,000

Own funds: EUR 2,000,000

Or

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

A Professional Client is able to request a higher level of protection if it deems it is unable to properly assess or manage the risks involved. It is the responsibility of the client to request re-categorisation; however the client will not be able to participate in Arbiter’s trading programmes.

Elective Professional Client

I request to be treated as an Elective Professional Client for the purposes of the Financial Services and Markets Act (Financial Promotion) Order 2001 [MIFID 2007].

I understand that this means that I will lose the protections applicable exclusively to Retail clients under the FSA rules;

(i) Access to the Financial Ombudsman Services will not extend to me as an Elective Professional Client,

(ii) The right to claim compensation under the Financial Service Compensation Scheme will not extend to me as an Elective Professional Client.

(iii) Understanding of risk – Arbiter is not required to provide written risk warnings and notice required for Retail Clients in relation to transactions in complex financial instruments;

(iv) Disclosure of charges, remuneration and commission – Arbiter is not obliged to disclose to me the basis or amount of its charges for any services Arbiter provides to me in the course of carrying out business with me or on my behalf, or the nature or amount of any other income that Arbiter may receive from third parties in connection with such services.

(v) Direct offer financial promotions - Arbiter is not obliged to comply with the detailed FSA rules relating to the form, content and checking and otherwise concerning financial promotions;

(iv) Periodic Statements – Arbiter is not obliged to provide periodic statements regarding investments if I have specifically requested Arbiter not to do so, or Arbiter has taken reasonable steps to establish that I do not want them;

*I qualify to be treated as an Elective Professional Client because at least two of the following applies:

(a) I have carried out transactions, in significant size, on the relevant market at an average frequency of 10 per quarter over the last previous four quarters;

(b) The size of my financial instrument portfolio, defined as including cash deposits and financial instruments, exceeds EUR 500,000;

(c) I work, or have worked, in the financial sector for at least one year in a professional position, which requires knowledge of the transactions or services envisaged;

I accept that I can lose my property and other assets from making investment decisions based on financial promotions.

I understand that I am responsible for keeping Arbiter informed in writing of any change which could affect my client categorization.

I am aware that it is open to me to seek advice from someone who specialises in advising on investments.