Q&A · ESMA
Suitability and appropriateness
Answered
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Monitoring of recorded calls and communications must be risk-based and proportionate to the firm's business, taking account of factors such as own-account dealing, client order volumes and characteristics, clients, products and market conditions, and the results should feed into the firm's compliance arrangements.
Details
| Reference | ESMA_QA_1768 |
|---|---|
| Issuer | ESMA |
| Published | 10 Oct 2016 |
| Answered | 10 Oct 2016 |
| Submitted | 10 Oct 2016 |
| ESMA topics | Suitability |
| Earlier Q&A document | ESMA35-43-349 MiFID II Q&As on Investor protection topics, Ch. 3, question 3 |
Provisions it relates to
- Article 16 MiFID II · Organisational requirementsInferred · 90%
- MiFIR (whole act)Explicit reference