Paragraph 1: Provisions relating to the categorisation of eligible customers and counterparties

I. – An investment service provider other than an asset management company shall establish and implement appropriate written policies and procedures for classifying its clients as non-professional clients, professional clients or eligible counterparties. Non-professional clients by nature are clients, including clients referred to in the first paragraph of paragraph 1 of II of Annex 2 to Directive 2014/65/EU of 15 May 2014, other than those referred to in Article D….

When entering into a relationship, an investment services provider other than an asset management company shall collect relevant information relating to the identity and legal capacity of any new client in accordance with the conditions set out in the General Regulation of the Autorité des marchés financiers.