‹ COBS 2.2 Client Categorisation COBS 2.2.2 › COBS 2.2.1 An Authorised Person must categorise each of its clients into an appropriate Client category. There are three Client categories: (a) Retail Client; (b) Professional Client; and (c) Market Counterparty. ‹ COBS 2.2 Client Categorisation COBS 2.2.2 ›