Can European clients trade U.S.-listed ETFs? Europe / EEA

Clients resident in Europe and classified as Retail clients are generally not permitted to buy most U.S.-listed ETFs. This is due to European PRIIPs regulations, which require certain investment products to provide a Key Information Document, or KID, before they can be offered to retail investors in the European Economic Area. Most U.S.-listed ETFs do not provide the required KID, so they cannot generally be made available to European retail clients. European clients classified as Professional clients may be eligible to trade U.S.-listed ETFs, subject to applicable regulatory requirements, product availability and trading permissions.