Q&A · ESMA

MiFID practices for firms selling financial instruments subject to the BRRD resolution regime

Answered

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AI-generated Summary

Under Article 44a(1)(b) BRRD 2, a retail client may not proceed with a purchase of subordinated eligible liabilities that the firm has assessed as unsuitable.

Details

Reference	ESMA_QA_1132
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	ESMA35-43-439 Investor protection BRRD Q&A 5

Provisions it relates to

MiFID II (whole act)
Explicit reference