applicable), shall have the equivalent meaning under relevant Applicable Law. 3. CLASSIFICATION AND AUTHORISATION 3.1 WHERE REQUIRED BY APPLICABLE LAW, DB HAS CATEGORISED CLIENT AS A PROFESSIONAL CLIENT OR ELIGIBLE COUNTERPARTY UNDER APPLICABLE LAW FOR THE PURPOSES OF THE PROVISION OF SERVICES PROVIDED UNDER THESE TOBS. DB has informed Client of its categorisation separately. 3.2 MiFID requires that clients be classified as either - retail client", -professional client" (whether that is a -per se professional client", or, where the client elects to be treated as a professional client, an "elective professional client" ) or "eligible counterparty". 3.3 Where Client has been classified pursuant to requirements under Applicable Law, Client is responsible for notifying DB immediately if, at any point in time, Client considers that it does not meet the criteria to be categorised as a professional client (whether a per se professional client or an elective professional client) or an eligible counterparty, as appropriate. If a change of categorisation is required, Client consents to DB taking such action as it considers necessary in relation to such change, which may mean that DB cannot continue to provide Client with services pursuant to these Terms of Business. 3.4 In relation to business where Client is treated an eligible counterparty, clause 12 (Order Execution Policy), clause 13 (Order Handling), clauses 17.6, and 17.7 will not appl) to Client. 3.5 DBAG is authorised under German Banking Law (competent authority: ECB (contact address: Sonnemannstrasse 22, 60314 Frankfurt am Main) and the BaFin (contact address: Marie-Curie-Str. 24-28, 60439 Frankfurt am Main)) and, in the United Kingdom, by the PRA (contact address: 20 Moorgate, London, EC2R 6DA). It is subject to supervision by the ECB and by BaFin and is subject to limited regulation in the United Kingdom by the FCA (contact address: