ESMA_QA_1809

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1809

---

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

---

Question

Submission Date: 03 October 2017

When reporting to clients information required under Articles 62(1) and 62(2) of the MiFID II Delegated Regulation, can firms agree with clients to assess the depreciation of the overall value of the client’s portfolio, or of leveraged financial instruments or contingent liability transactions included in a client’s account, on a threshold higher than the “10% and thereafter at multiples of 10%”?

---

ESMA Answer

Answer Date: 03-10-2017

[ESMA 35-43-349 MiFID II Q&As on Investor protection Ch. 8, question 9] No. The requirements set out in Article 62 of the MiFID II Delegated Regulation do not allow firms to agree with clients to assess the depreciation on a threshold higher (e.g. 15%) than that set out in Article 62 of the MiFID II Delegated Regulation.

---

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