ESMA_QA_1129

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1129

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Regulatory Context

Regulation : MIF2

Level 1 Regulation: Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Investor Protection and Intermediaries

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Information to clients on topics other than costs and charges

Subject Matter: MiFID practices for firms selling financial instruments subject to the BRRD resolution regime

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Question

Submission Date: 18 February 2020

Does Article 44a of BRRD 2 apply only if there is an active offering on the part of the firm?

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ESMA Answer

Answer Date: 18-02-2020

[ESMA35-43-439 Investor protection BRRD regime Q&A 2] No. Article 44a will apply independently of any marketing or active offering by the seller of the subordinated eligible liabilities, and whether the transaction has been initiated by the client or the firm (thus, including in case of reverse solicitation).

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This document was automatically extracted from the ESMA EMIR Q&A database.