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🔗 Back to Summary. 🇫🇷 French Version: 2017R0565_FR.62. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 61 – Reporting obligations in respect of eligible counterparties ⬅️ | ➡️ Article 63 – Statements of client financial instruments or client funds
Références LVL1 <=> LVL2
Level 1 reference(s): 2014L0065_EN.25 > 6
Article 62 - Additional reporting obligations for portfolio management or contingent liability transactions
1.
Investment firms providing the service of portfolio management shall inform the client where the overall value of the portfolio, as evaluated at the beginning of each reporting period, depreciates by 10 % and thereafter at multiples of 10 %, no later than the end of the business day in which the threshold is exceeded or, in a case where the threshold is exceeded on a non-business day, the close of the next business day.
2.
Investment firms that hold a retail client account that includes positions in leveraged financial instruments or contingent liability transactions shall inform the client, where the initial value of each instrument depreciates by 10 % and thereafter at multiples of 10 %. Reporting under this paragraph should be on an instrument-by-instrument basis, unless otherwise agreed with the client, and shall take place no later than the end of the business day in which the threshold is exceeded or, in a case where the threshold is exceeded on a non-business day, the close of the next business day.