Select a legislative/policy area

ID 1114. Suitability and appropriateness tests Back

Relevant provisions
General question on Directive 2006/73/EC

Question
Could a bank submit the suitability and appropriateness questionnaire online through its Internet banking service?

Answer
In principle, there are no provisions under MiFID that would prevent a credit institution to submit a suitability and appropriateness questionnaire online through its internet banking service. For further details concerning the application of the suitability requirements under MiFID please refer to the relevant Guidelines published by the European Securities and Markets Authority on 6 July 2012 (http://www.esma.europa.eu/system/files/2012-387.pdf)

Date
Submitted on 19/05/2012