http://www.ft.com/cms/s/3bf33db6-527b-11db-bce6-0000779e2340.html Q As from November next year, investors will have to be classified as professional clients to be marketed and sold such investments. To gain professional status following Mifid's implementation, clients must satisfy two out of three criteria. They will have to have at least â¬500,000 (£338,000) to invest, carry out at least 40 trades a year and/or have worked in the financial services industry for at least one year. UQ "carry out at least 40 trades a year " LOL.