Reverse inquiry: Difference between revisions
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:''A service should be considered to be provided at the initiative of a client '''unless the client demands it in response to a personalised communication from or on behalf of the firm to that particular client, which contains an invitation or is intended to influence the client in respect of a specific financial instrument or specific transaction'''. A service can be considered to be provided at the initiative of the client '''notwithstanding that the client demands it on the basis of any communication containing a promotion or offer of financial instruments made by any means that by its very nature is general and addressed to the public''' or a larger group or category of clients or potential clients. | :''A service should be considered to be provided at the initiative of a client '''unless the client demands it in response to a personalised communication from or on behalf of the firm to that particular client, which contains an invitation or is intended to influence the client in respect of a specific financial instrument or specific transaction'''. A service can be considered to be provided at the initiative of the client '''notwithstanding that the client demands it on the basis of any communication containing a promotion or offer of financial instruments made by any means that by its very nature is general and addressed to the public''' or a larger group or category of clients or potential clients. | ||
The second is {{t|ESMA}}s Q&A, released as firms readied themselves for that great New Year’s Day push into the | The second is {{t|ESMA}}s Q&A, released as firms readied themselves for that great New Year’s Day push into the sun-enlightened uplands of modern securities regulation. {{esma on reverse solicitation}} | ||
{{ref}} | {{ref}} | ||