Q&A · ESMA
MiFID practices for firms selling financial instruments subject to the BRRD resolution regime
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
The 10% portfolio test in Article 44a(2)(a) BRRD for selling subordinated eligible liabilities to retail clients need only be performed when a client buys such an instrument issued from 28 December 2020; later divestments or market value changes do not trigger it.
Details
| Reference | ESMA_QA_1133 |
|---|---|
| Issuer | ESMA |
| Published | 18 Feb 2020 |
| Answered | 18 Feb 2020 |
| Submitted | 18 Feb 2020 |
| ESMA topics | Information to clients on topics other than costs and charges |
| Earlier Q&A document | ESMA 35-43-439 Investor protection BRRD Q&A 6 |
Provisions it relates to
- MiFID II (whole act)Explicit reference