Regulatory Alerts2023-09-15
Circular CSSF 23/840 — Application of ESMA Guidelines on MiFID II Product Governance Requirements
The Commission de Surveillance du Secteur Financier issued Circular CSSF 23/840 to implement the European Securities and Markets Authority Guidelines on MiFID II product governance requirements. This document establishes the regulatory framework for product manufacturers and distributors in Luxembourg to ensure compliance with ongoing product approval and review processes. It mandates specific obligations for identifying target markets and monitoring product performance to protect investors under the Markets in Financial Instruments Directive II.
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