Q&A · ESMA
Product intervention
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
When providing services cross-border, firms must comply both with national product intervention measures under Article 42 MiFIR that apply from their home Member State (including to clients outside the EU) and with those of the Member State where the client is located, applying the stricter measure where they differ; client location can be based on habitual residence.
Details
| Reference | ESMA_QA_1127 |
|---|---|
| Issuer | ESMA |
| Published | 4 Dec 2019 |
| Answered | 4 Dec 2019 |
| Submitted | 4 Dec 2019 |
| ESMA topics | Product governance |
| Earlier Q&A document | ESMA35-43-439 Investor protection Product intervention Q&A 1 |
Provisions it relates to
- Article 42 MiFIR · Product intervention by competent authoritiesInferred · 90%
- MiFIR (whole act)Explicit reference