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ESMA Q&A 1806 — Q&A — Post-sale reporting [Answer Published]
Financial servicesLevel 3Q&AMiFID IIAnsweredOfficial source
Post-sale reporting
Question
How should a firm fulfil the obligation under Article 62 if a firm’s reporting period commences after the introduction of MiFID 2 on 3 January 2018?
Answer
[ESMA 35-43-349 MiFID II on Q&As on Investor protection Ch. 8, question 6]
Article 62 MiFID II Delegated Regulation requires firms to value portfolios on a daily basis. Firms should use the valuation undertaken under Article 62 on 3 January 2018 as the overall value of the portfolio for the purposes of the reporting obligations in Article 62 until the commencement of their first reporting period after 3 January 2018.
Source: ESMA original document