Implement Client Categorisation + Suitability + Appropriateness requirements under MiFID II Article 25 + Article 30 + Annex II + Commission Delegated Regulation 2017/565 Articles 54-55. Three client categories: (1) Retail (default + highest protection); (2) Professional per se (Annex II Section I - regulated firms + large undertakings meeting size criteria + public entities + institutional investors); Professional on request elective Annex II Section II (subjective + objective tests including 10 large transactions in last year + portfolio EUR 500K + 12 months work in financial sector); (3) Eligible Counterparty (ECP) per Article 30 + Annex II Section II (regulated firms only + opt-down available). Suitability Article 25(2) for investment advice + portfolio management - obtain client information on knowledge experience + financial situation including ability to bear losses + investment objectives including risk tolerance + suitability statement. Appropriateness Article 25(3) for execution-only with non-complex products + warning to client if not appropriate. Information obligations Article 24 - fair clear not misleading + adequate reports + information about firm + costs and charges (Article 24(4)) + risks + nature of advice (Article 24(4)) + independent vs non-independent advice declaration.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.