ESMA_QA_1129
18/02/2020
Subject Matter
MiFID practices for firms selling financial instruments subject to the BRRD resolution regime
Original question
Does Article 44a of BRRD 2 apply only if there is an active offering on the part of the firm?
ESMA Answer
18-02-2020
Original language
[ESMA35-43-439 Investor protection BRRD regime Q&A 2]
No. Article 44a will apply independently of any marketing or active offering by the seller of the subordinated eligible liabilities, and whether the transaction has been initiated by the client or the firm (thus, including in case of reverse solicitation).
Status: Answer Published
Additional Information
Level 1 Regulation
Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Investor Protection and Intermediaries
Topic
Information to clients on topics other than costs and charges