MiFID_II_EN

9 Absolutely. MiFID II does not make any distinction between private bank- ing clients and other retail clients: both groups enjoy the same level of protection . However, MiFID II does distinguish between professional clients and retail clients. Professional investors are subject to less stringent rules. As a retail client, you can ask for treatment as a professional client, but only under strict conditions. It is up to your financial institution to verify whether you meet these conditions. Are private banking clients protected as well? The MiFID rules also apply to SMEs, even companies. So, SMEs enjoy ex- actly the same protection as retail clients. Even if you decide to invest your company’s cash surplus into an invest- ment fund, you are afforded protection under MiFID. And what about SMEs?