Q&A · ESMA
Interests earned from client funds deposited at a credit institution
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
In a Commission answer, investment firms may not keep interest earned on client funds deposited with a credit institution, because Article 16(9) MiFID II prohibits using client funds for their own account.
Details
| Reference | ESMA_QA_2785 |
|---|---|
| Issuer | ESMA |
| Published | 21 Sept 2026 |
| Answered | 21 Sept 2026 |
| Submitted | 23 Feb 2026 |
| ESMA topics | Safeguarding of client assets |
Provisions it relates to
- Article 16 MiFID II · Organisational requirementsInferred · 90%
- MiFID II (whole act)Explicit reference