COB 2.3.6

(1) For the purposes of Rule 2.3.3(1)(a)(ii), a Person is a 'service-based' Professional Client if:
(a) the Financial Service provided to that Person is "Advising on Financial Products", "Arranging Deals in Investments", or "Arranging Credit and Advising on Credit"; and
(b) the service in (a) is provided for the purposes of 'corporate structuring and financing'.
(2) In (1), 'corporate structuring and financing':
(a) includes:
(i) providing advice relating to an acquisition, disposal, structuring, restructuring, financing or refinancing of a corporation or other legal entity; or
(ii) arranging credit for a purpose referred to in (i); and
(b) excludes any Advising on Financial Products, Arranging Deals in Investments or Arranging Credit and Advising on Credit, provided to an individual for the purposes of, or in connection with, the management of that individual's investments.
Derived from DFSA RM149/2015 (Made 11th February 2015) [VER24/04-15]
[Amended] DSFA RM185/2016 (Made 7th December 2016). [VER28/02-17]