ESMA_QA_1810

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1810

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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: 10 November 2017

Does the obligation in Article 62(1) of Commission Delegated Regulation (EU) 2017/565 to report on the overall value of a client’s portfolio depreciating by a 10% threshold on a particular business day apply only to retail clients?

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ESMA Answer

Answer Date: 10-11-2017

[ESMA 35-43-349 MiFID II Q&As on Investor protection Ch. 8, question 10] No. The obligation in Article 62(1) of Commission Delegated Regulation (EU) 2017/565 relates to retail and professional clients.

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