Q&A · ESMA
Suitability and appropriateness
Answered
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Firms may meet their record-keeping obligations on advice (records of services, the suitability statement and minutes of face-to-face conversations) in a single document, provided it meets each requirement, is kept for the required period and is given to the client where required.
Details
| Reference | ESMA_QA_1763 |
|---|---|
| Issuer | ESMA |
| Published | 16 Dec 2016 |
| Answered | 16 Dec 2016 |
| Submitted | 16 Dec 2016 |
| ESMA topics | Suitability |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection , Ch 2 question 8 |
Provisions it relates to
- Article 16 MiFID II · Organisational requirementsInferred · 75%
- Article 25 MiFID II · Assessment of suitability and appropriateness and reporting to clientsInferred · 80%
- MiFID II (whole act)Explicit reference