Q&A · ESMA

Deadline for providing clients with statement on owned financial instruments

Answered

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AI-generated Summary

The quarterly statement of client financial instruments and funds under Article 63(1) of the MiFID II Delegated Regulation should be sent as soon as possible after the period ends; sending it more than one month later is untimely unless the firm can justify a compelling reason.

Details

Reference	ESMA_QA_2148
Issuer	ESMA
Published	11 Jul 2024
Answered	11 Jul 2024
Submitted	3 Apr 2024
ESMA topics	Reporting to clients

Provisions it relates to

Article 25 MiFID II · Assessment of suitability and appropriateness and reporting to clients
MiFID II
ESMA rulebook
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.