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← Assess client categorization to ensure regulatory compliance
mcq

What are the possible consequences of a change in a professional client's financial situation?

What are the possible consequences of a change in a professional client's financial situation?

No action is required as long as the client remains professional
The client must be reclassified as a non-professional client with enhanced protections applied
The service provider must simply note the change without taking action
The client must be reclassified as an eligible counterparty