CmaBylaw
Executive Bylaws
2-7 Qualified Professional Client Of Module Eight: Conduct of Business
Section: Chapter Two: Client Categorisation
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Sunday, 12 February 2017
Any Client, who fulfils one of the following criteria, shall be considered a Qualified Professional Client: 1. The Client has carried out Securities’ transactions, in significant size, at an average no less than KD 250,000 per quarter over the previous two years. 2. The size of the Client’s funds and assets with the Licensed Person is no less than KD 100,000. 3. The Client works or has worked in the financial sector for at least one year in a Professional Position which requires knowledge of the transactions or services envisaged. The Licensed Person shall take due care to ensure the fulfilment of the previous criteria.
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