Requirement (MIFID)
Article 39 Retail client agreement
Requirements MIFID - DIRECTIVE 2006/73/EC
Description
Description
Member States shall require an investment firm that provides an
investment service other than investment advice to a new retail
client for the first time after the date of application of this
Directive to enter into a written basic agreement, in paper or
another durable medium, with the client setting out the essential
rights and obligations of the firm and the client.
The rights and duties of the parties to the agreement may be
incorporated by reference to other documents or legal texts.
Comment
Applies to Article 19(1) and 19(7) of Directive 2004/39/EC