Regulatory Alerts2023-06-06 | C578CySEC Circular C578: ESMA Guidelines on MiFID II Remuneration Requirements
The Cyprus Securities and Exchange Commission issued Circular C578 to inform regulated entities of the European Securities and Markets Authority's Guidelines on MiFID II remuneration requirements. These Guidelines clarify the application of governance, conflicts of interest, and conduct of business rules regarding remuneration and become effective on October 5, 2023. CySEC has incorporated the Guidelines into its supervisory practices and urges firms to ensure full compliance with the new standards.
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