ESMA_QA_1132

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1132

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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

What happens if a transaction relating to subordinated eligible liabilities is deemed unsuitable by the firm, but the retail client wishes to proceed anyway?

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ESMA Answer

Answer Date: 18-02-2020

[ESMA35-43-439 Investor protection BRRD Q&A 5] In accordance with Article 44a(1)(b) of BRRD 2, the client is not allowed to proceed with the transaction.

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