The investor confirms that they meet 2 of the below 3 criteria:
• The investor holds a portfolio of financial instruments worth more than €500,000.
• The investor has carried out an average of at least ten transactions, in significant size, in unlisted shares per quarter over the previous four quarters.
• The investor has held a professional position in the financial sector for at least one year that required knowledge of investments in financial instrument.


This is generally defined as an institution or company that has a treasury function, a federal government institution or regulated financial institution such as a bank, asset manager, insurance company.