The definition of “professional” and “retail” investor or other similar terms may vary under the applicable laws in your country of residence. If you have any doubt about your status you are advised to seek independent advice, the following is provided as general guidance only and does not constitute a legal definition:

A retail investor is an organisation or individual who cannot meet one of the professional investor criteria.

As a general guide a professional investor is an entity required to be authorised or regulated to operate in the financial markets eg.

• (a) a credit institution;
• (b) an investment firm;
• (c) any other authorised or regulated financial institution;
• (d) an insurance company;
• (e) a collective investment scheme or the management company of such a scheme;
• (f) a pension fund or the management company of a pension fund;
• (g) a commodity or commodity derivatives dealer;
• (h) an institutional investor;
• (i) a national or regional government, a public body that manages public debt, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECP, the EIB) or another similar international organisation.

Please note that the above is not or exhaustive list and any investor who has any doubt about their status should seek independent advice.

Please select from the following options: a credit institution
an investment firm
any other authorised or regulated financial institution
an insurance company
a collective investment scheme or the management company of such a scheme
a pension fund or the management company of a pension fund
a commodity or commodity derivatives dealer
an institutional investor
a national or regional government, a public body that manages public debt, a central bank, an international or supranational institution (such as the World Bank, the IMF, the ECP, the EIB) or another similar international organisation
none of the above