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ESMA Q&A 1132 — Q&A — MiFID practices for firms selling financial [Answer Published]
Financial servicesLevel 3Q&AMiFID IIAnsweredOfficial source
MiFID practices for firms selling financial instruments subject to the BRRD resolution regime
Question
What happens if a transaction relating to subordinated eligible liabilities is deemed unsuitable by the firm, but the retail client wishes to proceed anyway?
Answer
[ESMA35-43-439 Investor protection BRRD Q&A 5]
In accordance with Article 44a(1)(b) of BRRD 2, the client is not allowed to proceed with the transaction.
Source: ESMA original document