What criteria must be met to qualify as a legal entity professional investor?

To qualify as a legal entity professional investor under Annex II of the Directive 2014/65/EU (MiFID II), you must meet one of the following criteria:

a) Authorized or Regulated Entity:

• Credit institution
• Investment firm
• Other authorized or regulated financial institution
• Insurance undertaking
• Collective investment scheme or management company of a collective investment scheme
• Pension fund or management company of a pension fund
• Commodity or commodity derivatives dealer
• Any other institutional investor

b) Large Undertaking:

• Meet at least two of the following size requirements:
• Balance sheet of at least EUR 20,000,000
• Net turnover of at least EUR 40,000,000
• Own funds of at least EUR 2,000,000

c) Other Eligible Entities:

• National or regional government
• Public body managing public debt
• Central bank
• International or supranational institution (e.g., World Bank, IMF, ECP, EIB)
• Institutional investor whose main activity is to invest in financial instruments