ESMA publishes MiFID II Supervisory Briefing on Appropriateness and Execution-only

The European Securities and Markets Authority (ESMA) has published an updated version of supervisory briefing on MiFID II appropriateness requirements.

This supervisory briefing is an updated version of ESMA’s 2012 supervisory briefing and takes into account the new version of ESMA’s guidelines on suitability published on 28 May 2018.

This supervisory briefing covers the following topics:

  • Determining situations where the appropriateness assessment is required;
  • Obtaining information from clients;
  • Assessment of appropriateness;
  • Warnings to clients;
  • Qualification of firm’s staff; and
  • Record-keeping.

 

For further information, please refer to the actual ESMA publication. A hyperlink is provided in the “Links” section.

Further information:
To read more, please follow this link:
https://www.esma.europa.eu/sites/default/files/library/2019-esma35-36-1640-mifid_ii_supervisory_briefing_on_appropriateness.pdf

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Please Note: This publication is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying the information contained in this publication to specific issues or transactions.

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ESMA publishes MiFID II Supervisory Briefing on Appropriateness and Execution-only

ESMA publishes MiFID II Supervisory Briefing on Appropriateness and Execution-only

Melissa Lewis

Melissa Lewis

Digital Operations Manager at Met Facilities LLP
Melissa Lewis

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