Q&A · ESMA
Investment advice on an independent basis
Answered
Read the official text on the ESMA website(opens in a new tab)AI-generated Summary
A firm that offers only instruments issued by itself or closely linked entities cannot call its advice independent, even if those products (such as funds or wrappers) give indirect exposure to other issuers; the range assessed under Article 24(7) MiFID II is judged on the instruments the firm directly offers.
Details
| Reference | ESMA_QA_1783 |
|---|---|
| Issuer | ESMA |
| Published | 3 Oct 2018 |
| Answered | 3 Oct 2018 |
| Submitted | 3 Oct 2018 |
| ESMA topics | Investment advice on an independent basis |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch 5, question 2 |
Provisions it relates to
- Article 24 MiFID II · General principles and information to clientsInferred · 95%
- MiFIR (whole act)Explicit reference