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Version date: 23 March 2018 - onwards

Question 11 Holding a retail client account [Last update: 23 March 2018]

Art. 62 of the MiFID II Delegated Regulation

What does "hold a retail client account" mean in the context of Article 62(2) of the MiFID II Delegated Regulation?

Answer 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)