EBU Single Rulebook Q&A 6 July 2015 2015_2111 Definition of client funds

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European Union · · · 05-08-2016

Is it sufficient to refer to "client assets" in the list of resolution objectives, if the definition of "client assets" at a national level includes "client money"? Article 31(2)(e) of BRRD refers to client funds and client assets. However, "client funds" is not defined in Directive 2014/59/EU (BRRD), nor in Directive 2014/65/EU (MiFID 2) or in Regulation (EU) No 600/2014 (MIFIR).

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