private customer

(for the purposes only of COBS TP 1 (Transitional Provisions in relation to Client Categorisation)):61

1. (1) (except in COB 3, COB 4.2 and COB 6.4) subject to (h), a client who is not a market counterparty or an intermediate customer, including:22
   1. (a) an individual who is not a firm ;
   1. (b) an overseas individual who is not an overseas financial services institution;
   1. (c) [deleted]
   1. (d) (except for the purposes of DISP) a client when he is classified as a private customer in accordance with COB 4.1.14 R (Client classified as a private customer);
   1. 24(e) a person to whom a firm61 gives basic advice61;24
   1. (f) (in COB 6.1 to 6.5) where the regulated activity (except for a personal recommendation relating to a contribution to a CTF ) relates to a CTF and there is no registered contact , the person to whom the88 statement must be sent in accordance with Regulation 10 of the CTF Regulations;22
   1. (g) (in COB 6.7) where the regulated activity (except for a personal recommendation relating to a contribution to a CTF) relates to a CTF and there is no registered contact, the child, via the person to whom the88 statement must be sent in accordance with Regulation 10 of the CTF Regulations;22
   1. (h) a client who would otherwise be excluded as a market counterparty or intermediate customer if the client is within (e), (f) or (g);22
   but excluding a client , who would otherwise be a private customer:22
   1. (i) when he is classified as an intermediate customer in accordance with COB 4.1.9 R (Expert private customer classified as an intermediate customer); or22
   1. (ii) when the regulated activity relates to a CTF , any person other than (e), (f), (g) or (h).22
1. (2) (in COB 3) a person in (1) or a person excluded under (1)(h)(ii) or a person who would be such a person if he were a client.2261 consumer 61 .18
1. (3) (in COB 4.2 and 6.1 to 6.5) a person in (1) and, in relation to the conclusion of a distance contract, a61 consumer 61 .18135