ESMA_QA_1132
18/02/2020
View PDF View Excel
Subject Matter
MiFID practices for firms selling financial instruments subject to the BRRD resolution regime
What happens if a transaction relating to subordinated eligible liabilities is deemed unsuitable by the firm, but the retail client wishes to proceed anyway?
ESMA Answer
18-02-2020

[ESMA35-43-439 Investor protection BRRD Q&A 5]

In accordance with Article 44a(1)(b) of BRRD 2, the client is not allowed to proceed with the transaction.

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