What does it mean to be a Professional Client?

A Professional Client ("PC") may generally have access to a wider range of financial products and services. Some financial institutions may not offer certain products and services to persons who are non-PC.

To be eligible to be treated as a PC, you must first meet eligibility criteria (please refer to "How do I qualify for PC Status?") and you must opt in to be treated as a PC.

If you opt in to be treated as a PC, you are regarded as having consented to and understood the following:

  1. I represent, warrant and undertake that I am a "Professional Client" ("PC") as defined under the DFSA Conduct of Business Module Rulebook, Section 2. I agree to provide the relevant supporting documents and all supporting information and documents I have or will provide are true, accurate, complete and authentic. This representation shall be deemed repeated upon every transaction and dealings with StashAway in relation to my account.
  2. I understand what it means to be a PC and the consequences of choosing to opt in. In particular, I acknowledge that choosing to be a PC, this may reduce certain regulatory safeguards applicable to me so long as StashAway has not received a withdrawal of consent from me. I have read and understand the general warning and regulatory safeguards applicable to me, as discussed in the PC FAQs.
  3. Having considered the consequences, I choose to opt-in and provide my consent to be treated as a PC as defined in the PC FAQs in relation to my account, transactions and dealings with StashAway.
  4. I am aware that I can withdraw my consent at any point in time and choose not to continue to be treated as a PC. I acknowledge that I have read and understood the consequences of withdrawing my consent.
  5. I confirm that although StashAway may draw my attention to investment opportunities and provide me with market information, opinions or recommendations, I understand that such advice may be given in isolation and may not always take into account the asset allocation of my portfolio. I agree and acknowledge that all decisions whether or not to invest and/or to enter into transactions will be made on my own. I will be making decisions on whether or not to invest and/or to enter into any transactions on my own behalf and/or StashAway will only facilitate the entering into such transactions upon receiving my instructions.
  6. I undertake to notify StashAway immediately of any subsequent change to my financial situation which affects my eligibility to be considered as a PC.
  7. I am aware that StashAway will not be required to provide me with any contract notes, statements of account or receipts under the DFSA Rules, on a monthly basis, when my PC status is in effect where such would otherwise be required, unless I instruct StashAway to do so. Although StashAway has no regulatory duty to provide me with the above-mentioned information, StashAway will continue to send me the statements of account until further notice and to provide me with other information upon request.
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StashAway Management (DIFC) Limited is regulated by the DFSA (license number F006312) for the provision of arranging custody, arranging deals in investments, advising on financial products, and managing assets, with a retail endorsement.

StashAway Management (DIFC) Limited (registration number CL 3982) is established in the DIFC pursuant to the DIFC Companies Law. Its registered address is Unit 1301, Level 13, Emirates Financial Towers, P.O. Box 507051, Dubai International Financial Centre, Dubai, United Arab Emirates.

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