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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

The 10% portfolio test in Article 44a(2)(a) BRRD for selling subordinated eligible liabilities to retail clients need only be performed when a client buys such an instrument issued from 28 December 2020; later divestments or market value changes do not trigger it.

Details

ReferenceESMA_QA_1133
IssuerESMA
Published18 Feb 2020
Answered18 Feb 2020
Submitted18 Feb 2020
ESMA topicsInformation to clients on topics other than costs and charges
Earlier Q&A documentESMA 35-43-439 Investor protection BRRD Q&A 6