Vault - Legal
  • Terms & Conditions
    • 1. Appointment
    • 2. Our standard of care
    • 3. Client categorisation
    • 4. Service Overview & Account Handling
    • 5. Scope of our advice
    • 6. Your personal circumstances
    • 7. Maintaining the balance of your Recommended Allocation
    • 8. Instructions to Vault and Power of Attorney
    • 9. Your obligations
    • 10. Instructions and communication
    • 11. Delegation and use of third parties
    • 12. Lending, borrowing and underwriting
    • 13. Valuations and Reporting
    • 14. Dealing and counterparties
    • 15. Potential conflicts of interest and disclosures
    • 16. Fees and Charges
    • 17. Currency Conversion
    • 18. Referrals
    • 19. Taxation
    • 20. Liability
    • 21. Complaints
    • 22. Termination & Vault Account Suspension
    • 23. Consequences of Termination
    • 24. Inurement and Estate
    • 25. Confidentiality
    • 26. Data Protection
    • 27. Recording
    • 28. Force Majeure
    • 29. Joint Vault Accounts
    • 30. Amendments and Assignments
    • 31. General
    • 32. Governing Law
  • Schedule 1: Scope of Services and Fee Structure
  • Conflict of Interest Policy
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  1. Terms & Conditions

3. Client categorisation

Last updated 1 month ago

  1. For the purposes of the FSRA Rules, Vault will classify you and treat you as a Professional Client subject to your declaration and validation that you hold a net assets of at least USD 1,000,000 and meet the other criteria for being an “. If you choose not to be classified as a Professional Client, Vault will classify you as a Retail Client. Where we classify you as a Retail Client, you are entitled to the protections available to Retail Clients under the FSRA Rules. You may not be eligible for certain Vault services if you are classified as a Retail Client.

Assessed” Professional Clients – “Individuals” under the FSRA’s Rules