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(EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive (Text with EEA relevance)","document_date":"2016-04-25"},"position":{"kind":"article","key":"45","index":46,"articles":92,"annexes":4},"prev":{"path":"/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for/articles/44","key":"44","title":"Article 44 — Fair, clear and not misleading information requirements (Article 24(3) of Directive 2014/65/EU)"},"next":{"path":"/mifid-ii/level-2/delegated-acts/2017-565-organisational-requirements-and-operating-conditions-for/articles/46","key":"46","title":"Article 46 — General requirements for information to clients (Article 24(4) of Directive 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existing clients that the investment firm has newly categorised as required by Directive 2014/65/EU, of their categorisation as a retail client, a professional client or an eligible counterparty in accordance with that Directive.\n\n2. <a id=\"art-45-p-2\"></a>Investment firms shall inform clients in a durable medium about any right that client has to request a different categorisation and about any limitations to the level of client protection that a different categorisation would entail.\n\n3. <a id=\"art-45-p-3\"></a>Investment firms may, either on their own initiative or at the request of the client concerned treat a client in the following manner:\n\n    <a id=\"art-45-p-3-a\"></a>**(a)** as a professional or retail client where that client might otherwise be classified as an eligible counterparty pursuant to Article 30(2) of Directive 2014/65/EU;\n\n    <a id=\"art-45-p-3-b\"></a>**(b)** a retail client where that client that is considered a professional client pursuant to 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