eligible counterparty
- (1) (for the purposes other than those set out in (2))46 (in accordance with COBS 3.6.1 R) a client that is either a per se eligible counterparty or an elective eligible counterparty.39
- (2) (for the purposes of PRIN, in relation to activities other than designated investment business, insurance risk transformation and activities directly arising from insurance risk transformation125) a client categorised as an eligible counterparty in accordance with PRIN 1 Annex 1.46