ESMA_QA_1987

Status: ✅ Answer Published

Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1987

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Regulatory Context

Regulation : MIFIR

Level 1 Regulation: Markets in Financial Instruments Regulation (MiFIR) Regulation (EU) No 600/2014 - Investor Protection and Intermediaries

Level 2 Regulation: No information available

Level 3 Regulation: No information available

Topic: Product intervention

Subject Matter: Clients established outside the Union and non-Union nationals

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Question

Submission Date: 01 June 2018

Do the BO Decision and CFD Decision apply to retail clients established outside the Union or to retail clients who are non-Union nationals?

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ESMA Answer

Answer Date: 01-06-2018

[ESMA 35-36-1262 Q&As on Product intervention, Q&A 5.9] Yes, both the BO Decision and the CFD Decision apply, in common with other investor protection requirements in the regime established by MiFID II and MiFIR, in respect of investment services and activities provided by investment firms or credit institutions authorised in the Union, without discriminating on the basis of the location or nationality of their clients.

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