ESMA Q&A 1987 — Q&A — Clients established outside the Union and non-Union [Answer Published]

Clients established outside the Union and non-Union nationals

Question

Do the BO Decision and CFD Decision apply to retail clients established outside the Union or to retail clients who are non-Union nationals?

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Answer

[ESMA 35-36-1262 Q&As on Product intervention, Q&A 5.9]

Yes, both the BO Decision and the CFD Decision apply, in common with other investor protection requirements in the regime established by MiFID II and MiFIR, in respect of investment services and activities provided by investment firms or credit institutions authorised in the Union, without discriminating on the basis of the location or nationality of their clients.

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Source: ESMA original document