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Q&A · ESMA

Product governance

Answered
Read the official text on the ESMA website(opens in a new tab)
AI-generated Summary

Only bonds whose sole embedded derivative is a make-whole clause, or instruments distributed exclusively to eligible counterparties, are exempt from MiFID II product governance under Article 16a; plain vanilla bonds and bonds with other embedded derivatives (with or without a make-whole clause) remain in scope, as ESMA's table shows.

Details

ReferenceESMA_QA_1126
IssuerESMA
Published19 Nov 2021
Answered19 Nov 2021
Submitted19 Nov 2021
ESMA topicsProduct governance