ESMA_QA_1811

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1811

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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: 23 March 2018

What does “hold a retail client account” mean in the context of Article 62(2) of the MiFID II Delegated Regulation?

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ESMA Answer

Answer Date: 23-03-2018

[ESMA 35-43-349 MiFID II Investor protection Q&As Ch. 8, question 11] The phrase ”hold a retail client account” could be understood as: 

providing the ancillary service of (1) Section B of Annex 2 of MIFID II of safekeeping and administration of financial instruments for the account of retail clients, or;  holding an account intended for registering client’s transactions on financial instruments (in the context of an investment service provided to a retail client)

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