Legal

Investor Classification Notice

Who can access E&C's structured participation products, and how eligibility is assessed.

Document status: Classification criteria are summarised here for general information. Final determination of your investor classification is made as part of the onboarding process for a specific transaction, based on the law of the relevant jurisdiction and the requirements of the entity involved.
Last updated: 2 July 2026 · Version 1.0

1. Two distinct tiers of access

Escher & Camondo operates two distinct tiers of access, which carry different eligibility requirements:

Subscribing to E&C Intelligence does not, by itself, qualify you for participation in any structured product.

2. Indicative classification categories

The specific classification test applied depends on the jurisdiction of the offering entity and the investor. Broadly, we assess eligibility against categories such as:

CategoryIndicative basis
Institutional investorBanks, insurers, pension funds, sovereign wealth funds, asset managers, and other regulated financial institutions.
Professional investor / professional clientEntities or individuals meeting jurisdiction-specific tests of financial sophistication, such as the UK/EU "professional client" test under MiFID-derived rules, based on balance sheet size, turnover, own funds, or relevant professional experience.
Qualified / accredited investorIndividuals or entities meeting jurisdiction-specific net worth, income, or professional-knowledge thresholds — for example, tests analogous to the U.S. "accredited investor" definition or comparable regimes in other jurisdictions.
High-net-worth individualIndividuals meeting a minimum net asset or income threshold under applicable jurisdiction-specific rules, who have self-certified their status in accordance with the applicable regime.

3. Retail investors

Structured participation products referenced on this website are not offered or marketed to retail investors in the United Kingdom, the European Union, the United States, or any other jurisdiction where such offering would require additional regulatory permissions we do not hold. If you do not meet one of the eligible-investor categories applicable in your jurisdiction, you will not be able to access these products, irrespective of your subscription status to E&C Intelligence.

4. How classification is assessed

Where you express interest in a specific structured participation product, the relevant E&C group entity will request documentation and/or self-certification appropriate to the classification test in the relevant jurisdiction. This may include financial statements, proof of assets, professional qualifications, or regulatory status documentation. We reserve the right to decline any application where eligibility cannot be verified to our reasonable satisfaction.

5. Ongoing obligations

If your circumstances change such that you no longer meet the classification under which you were onboarded, you should notify us. Continued participation in a structured product does not require ongoing reclassification, but you should be aware that the appropriateness of holding a given investment may change if your circumstances change.

6. Related information

See also our Risk Warnings and Jurisdictional Restrictions pages, which should be read alongside this notice.