ESMA updates MiFIR/MiFID II Q&A on Investor Protection

October 03, 2017

The European Securities and Markets Authority (ESMA) published today an update to the questions and answers document (Q&A) on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).

This updated Q&A provides clarification on the following topics:

  • Best execution;
  • Suitability and appropriateness;
  • Recording of telephone conversations and electronic communications;
  • Post-sale reporting;
  • Record keeping;
  • Investment advice on an independent basis;
  • Inducements (research);
  • Information on charges and costs;
  • Underwriting and placement of a financial instrument; and
  • Client categorisation.

MiFID II applies from 3 January 2018. The purpose of this Q&A is to promote common supervisory approaches and practices in the application of MiFID II/ MiFIR for investor protection topics.

The original press release can be found here on the ESMA website.

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