Q&A · ESMA

Non-complex structured deposits

Rejected

Read the official text on the ESMA website(opens in a new tab)

AI-generated Summary

Asked whether a structured deposit with one return variable at maturity remains non-complex under Article 25(4)(a)(v) MiFID II when early exit pays the option's market value, which depends on several variables. ESMA rejected the question, so there is no answer.

Details

Reference	ESMA_QA_2137
Issuer	ESMA
Published	19 Mar 2024
Submitted	19 Mar 2024
ESMA topics	Appropriateness

Provisions it relates to

Article 25 MiFID II · Assessment of suitability and appropriateness and reporting to clients
MiFID II
Explicit reference · 90%
MiFID II (whole act)
Explicit reference

Documents it refers to

Delegated actIn forceExplicit reference
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.