ESMA · ESMA_QA_1812 Answer Published
Post-sale reporting
- Regulation
- Markets in Financial Instruments Directive II (MiFID II) Directive 2014/65/EU- Investor Protection and Intermediaries
- Topic
- Reporting to clients
- Submitted
- 2018-03-23
- Answered
- 2018-03-23
Question
For the purpose of Article 62(1) of the MiFID II Delegated Regulation, if the same threshold is exceeded again and again during the same reporting period, should the firm report the fact to the client each time the threshold is exceeded?
Answer
[ESMA 35-43-349 MiFID II Q&As Investor protection Ch. 8, question 12] No, ESMA’s view is that no new information is needed for the purpose of Article 62(1) of the MiFID II Delegated Regulation if no new threshold is exceeded during the same reporting period. EXAMPLE: Date Value of the portfolio Change in value of the portfolio Obligation to report (in line with Article 62(1) of the MiFID II Delegated Regulation? 3 Jan 2018 100,000 € - - 10 Jan 2018 90,000 € Depreciation of 10% Obligation to report 25 Jan 2018 92.000 € Increase of 2% No obligation to report 27 Jan 2018 89,000 € Additional depreciation of 3% No obligation to report
This Q&A is published by European Securities and Markets Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.
Similar Q&As
More Q&As on this topic
📋 Track EU financial regulation continuously
Forseti monitors EU financial regulation and delivers personalised alerts anchored to verified official sources.
14-day free trial. No credit card required.