Q&A · ESMA
Third-country firms marketing directly
Answered
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Under reverse solicitation (Article 42 MiFID II), a third-country firm may offer a client products of the same category only during the transaction the client initiated, not later, unless the client again asks on its own exclusive initiative.
Details
| Reference | ESMA_QA_1865 |
|---|---|
| Issuer | ESMA |
| Published | 28 Mar 2019 |
| Answered | 28 Mar 2019 |
| Submitted | 28 Mar 2019 |
| ESMA topics | Provision of investment services and activities by third country firms |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch 13, question 4 |
Provisions it relates to
- Article 42 MiFID II · Provision of services at the exclusive initiative of the clientExplicit reference · 90%
- Annex II MiFID II · PROFESSIONAL CLIENTS FOR THE PURPOSE OF THIS DIRECTIVEExplicit reference · 90%
- MiFID II (whole act)Explicit reference