ESMA · ESMA_QA_2618 Question Rejected
Arrangements necessary to understand clients
- Regulation
- Directive 2014/65/EU - Markets in Financial Instruments Directive (MiFID II)
- Topic
- Suitability
- Submitted
- 2025-07-25
Question
In order to comply with the duty to obtain the necessary information regarding the client's knowledge and experience, financial situation, and investment objectives, shall the Investment firms questionnaire/approach follow this exact sequence, i.e., shall the investment firm inquire the client, in a first moment, about its Knowledge and Experience on a specific instrument/ service, and then about the client's financial situation and his investment objectives ?
No answer published yet.
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.
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