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ESMA publishes translations for Guidelines on non-significant benchmarks
19 June 2019 Benchmarks Guidelines and Technical standards The European Securities and Markets Authority (ESMA) has issued today the official translations of its Guidelines on non-significant benchmarks under the Benchmarks Regulation. National Competent Authorities (NCAs) to which these Guidelines apply must notify ESMA whether they comply or intend to comply with the Guidelines, within two […]
ESMA HIGHLIGHTS AREAS FOR IMPROVEMENT IN COMPLIANCE WITH MIFID II SUITABILITY REQUIREMENTS
The 2020 CSA has shown that firms overall comply with key elements of the suitability requirements that were already regulated under MiFID I, such as the understanding of products and clients and their processes and procedures to ensure the suitability of investments. However, shortcomings and areas of improvement have emerged about some of the new […]