ESMA_QA_1811
23/03/2018
Subject Matter
Post-sale reporting
Original question
What does “hold a retail client account” mean in the context of Article 62(2) of the MiFID II Delegated Regulation?
ESMA Answer
23-03-2018
Original language
[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)
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
Reporting to clients