Q&A · ESMA
Underwriting and placing
Answered
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Firms underwriting or placing must record allocation decisions at each material stage (allocation policy, agreed allocation by client type, each client's requests, later instructions and final allocations) and justify each investor's final allocation, with particular care for unusual ones.
Details
| Reference | ESMA_QA_1787 |
|---|---|
| Issuer | ESMA |
| Published | 16 Dec 2016 |
| Answered | 16 Dec 2016 |
| Submitted | 16 Dec 2016 |
| ESMA topics | Underwriting and placing |
| Earlier Q&A document | ESMA 35-43-349 MiFID II Q&As on Investor protection Ch. 6, question 3 |
Provisions it relates to
- Article 23 MiFID II · Conflicts of interestInferred · 70%
- MiFID II (whole act)Explicit reference