Date-stamp loading
Version date: 7 July 2017 - onwards

Question 1 Do positions held by an investment firm on behalf of their clients add to the investment firm's own positions? [Last update: 07/07/2017]

Art. 58 of MiFID II

Do positions held by an investment firm on behalf of their clients add to the investment firm's own positions?

Answer 1

Article 57(1) explicitly introduces the possibility that positions are held on behalf of another entity for legal or operational reasons. In order to avoid double counting, such positions are only to be reported as the positions of the person on whose behalf they are held. They are not to be added to or netted against other positions held by the investment firm.

Comparing proposed amendment...