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ID 1114. Suitability and appropriateness tests Back

Relevant provisions


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

Legislative Area

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Accounting and financial reporting
Asset management
Capital Requirements Directives (CRD)
Insurance and pensions
Markets in Financial Instruments Directive
Payment services

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