ESMA_QA_1806

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1806

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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: Reporting to clients

Subject Matter: Post-sale reporting

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Question

Submission Date: 06 June 2017

How should a firm fulfil the obligation under Article 62 if a firm’s reporting period commences after the introduction of MiFID 2 on 3 January 2018?

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ESMA Answer

Answer Date: 06-06-2017

[ESMA 35-43-349 MiFID II on Q&As on Investor protection Ch. 8, question 6] Article 62 MiFID II Delegated Regulation requires firms to value portfolios on a daily basis. Firms should use the valuation undertaken under Article 62 on 3 January 2018 as the overall value of the portfolio for the purposes of the reporting obligations in Article 62 until the commencement of their first reporting period after 3 January 2018.

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