Q&A · ESMA
Product governance
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
ESMA considers funds investing mainly in CoCo bonds generally unsuitable for the retail market and expects manufacturers and distributors to consider excluding retail clients from the positive target market, or placing them in the negative target market, at the latest at their next product review.
Details
| Reference | ESMA_QA_1122 |
|---|---|
| Issuer | ESMA |
| Published | 28 Mar 2019 |
| Answered | 28 Mar 2019 |
| Submitted | 28 Mar 2019 |
| ESMA topics | Product governance |
| Earlier Q&A document | ESMA35-43-439 Investor protection Product governance Q&A1 |
Provisions it relates to
- Article 16 MiFID II · Organisational requirementsInferred · 85%
- Article 24 MiFID II · General principles and information to clientsInferred · 80%
- MiFID II (whole act)Explicit reference