Knowledge Base

← Collective Investment / Third-Party Asset Management

Questions

Which directive establishes the classification of professional and non-professional investors?

Click to see answer

What specific protections are offered to non-professional investors under the MiFID II directive?

Simplified suitability test, prospectus sufficient without mandatory KIID
Comprehensive pre-contractual suitability test, mandatory KIID and PRIIPs KID before subscription, detailed cost information in euros
Simplified cost information, less restricted solicitation
No specific protection

What is the minimum subscription amount required for a non-professional wishing to invest in an FPCI?

€50,000
€100,000
€30,000
€200,000

What is the main criterion for a natural person to be treated as a professional investor by election?

A financial instruments portfolio exceeding €500,000
Completion of at least five significant transactions per quarter on average over the preceding four quarters
Having held a professional position in the financial sector for at least two years
An annual income exceeding €100,000

Natural persons can be considered professional investors by nature.

True
False

Employee savings funds (FCPE, SICAVAS) are reserved exclusively for professional investors.

True
False

According to the MiFID II directive, what are the criteria for a company to be considered a professional investor by nature?

Total assets exceeding €10 million, net turnover exceeding €20 million, and equity exceeding €1 million
Total assets of at least €20 million, net turnover of at least €40 million, and equity of at least €2 million
Total assets exceeding €50 million, net turnover exceeding €100 million, and equity exceeding €5 million
Total assets of at least €10 million, net turnover of at least €30 million, and equity of at least €1 million