Q&A · ESMA

Post-sale reporting

Answered

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AI-generated Summary

A firm 'holds a retail client account' for Article 62(2) of the MiFID II Delegated Regulation if it provides safekeeping and administration of the client's instruments or holds an account recording the client's transactions as part of an investment service.

Details

Reference	ESMA_QA_1811
Issuer	ESMA
Published	23 Mar 2018
Answered	23 Mar 2018
Submitted	23 Mar 2018
ESMA topics	Reporting to clients
Earlier Q&A document	ESMA 35-43-349 MiFID II Investor protection Q&As Ch. 8, question 11

Provisions it relates to

Article 25 MiFID II · Assessment of suitability and appropriateness and reporting to clients
MiFID II
Inferred · 80%
MiFID II (whole act)
Explicit reference

Documents it refers to

Delegated actIn forceExplicit reference · 90%
Commission Delegated Regulation (EU) 2017/565 of 25 April 2016 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive
European Commission · 31 Mar 2017 · EUR-Lex
AI summaryThe main MiFID II Delegated Regulation: defines key terms (such as investment advice, systematic internaliser, algorithmic and high-frequency trading, and direct electronic access) and sets detailed organisational requirements and operating conditions for investment firms, including compliance, conflicts of interest, remuneration, client information, suitability and appropriateness, best execution, client order handling, reporting to clients, record keeping and transaction-level obligations.