AMF Position DOC-2019-03: MiFID II Suitability Requirements

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III - Providers
III. 1 - Investment Service Providers
III. 1.3. Conduct Rules
Doctrine
MIF

MiFID II Suitability Requirements

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Applicable from October 3, 2023
Position DOC-2019-03

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Summary
AMF Position DOC-2019-03 incorporates the ESMA guidelines concerning "certain aspects relating to the suitability requirements of the MiFID II Directive" (ESMA35-43-3172). These guidelines aim to clarify the steps that investment service providers must take to verify suitability requirements in the context of providing investment advice and portfolio management services for third parties.

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Reference texts

I of Article L. 533-13 of the Monetary and Financial Code

Articles 54 and 55 of Commission Delegated Regulation (EU) 2017/565 of April 25, 2016

Guidelines on certain aspects of the MiFID II suitability requirements Guidelines on certain aspects of the MiFID II suitability requirements Archives

AMF Position DOC-2019-03 incorporates the ESMA guidelines concerning "certain aspects relating to the suitability requirements of the MiFID II Directive" (ESMA35-43-1163). These guidelines aim to clarify the steps that investment service providers must take to verify suitability requirements in the context of providing investment advice and portfolio management services for third parties. This position is intended to replace, as of March 6, AMF Position DOC-2012-13, which incorporated ESMA guidelines adopted under MiFID I.

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Reference texts

I of Article L. 533-13 of the Monetary and Financial Code

Commission Delegated Regulation (EU) 2017/565 of April 25, 2016

Guidelines concerning certain aspects relating to the suitability requirements of the

Guidelines on certain aspects of the MiFID II suitability requirements Legal notices:
Publisher: The Director of the AMF Communication Department. Contact: Communication Department, Autorité des Marchés Financiers - 17, place de la Bourse - 75082 Paris Cedex 02