Regulatory Alerts2022-06-27
CSSF Circular 22/817: Application of ESMA Guidelines on MiFID II Appropriateness and Execution-Only Requirements
The Commission de Surveillance du Secteur Financier (CSSF) issued Circular 22/817 to implement the European Securities and Markets Authority (ESMA) Guidelines on MiFID II appropriateness and execution-only requirements. This document mandates that investment firms apply specific standards regarding the assessment of product appropriateness and the provision of execution-only services to ensure investor protection. It serves as the national regulatory framework for complying with the ESMA guidelines identified as ESMA35-43-3006 within Luxembourg's financial sector.
Published on 27 June 2022
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CSSF circular
Application of the Guidelines of the European Securities and Markets Authority on certain aspects of the MiFID II appropriateness and execution-only requirements (ESMA35-43-3006)
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PDF (378.32Kb)