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ESMA Q&A 1811 — Q&A — Post-sale reporting [Answer Published]
Financial servicesLevel 3Q&AMiFID IIAnsweredOfficial source
Post-sale reporting
Question
What does “hold a retail client account” mean in the context of Article 62(2) of the MiFID II Delegated Regulation?
Answer
[ESMA 35-43-349 MiFID II Investor protection Q&As Ch. 8, question 11]
The phrase ”hold a retail client account” could be understood as:
providing the ancillary service of (1) Section B of Annex 2 of MIFID II of safekeeping and administration of financial instruments for the account of retail clients, or;
holding an account intended for registering client’s transactions on financial instruments (in the context of an investment service provided to a retail client)
Source: ESMA original document