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)