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
When checking that a retail client with a portfolio of up to EUR 500,000 does not hold more than 10% in subordinated eligible liabilities under Article 44a(2)(a) BRRD, the seller must count all such liabilities in the portfolio, including those issued before 28 December 2020.
Details
| Reference | ESMA_QA_1131 |
|---|---|
| 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 4 |
Provisions it relates to
- MiFID II (whole act)Explicit reference