Regulatory Alerts2018-06-22
Implementation of ESMA Guidelines on Product Governance Requirements under MiFID II (ESMA35-43-620)
The ACPR College has declared conformity with ESMA Guidelines (ESMA35-43-620) regarding product governance requirements under the MiFID II directive. These guidelines apply to credit institutions that market structured deposits or provide advice on them, as defined in Article L. 312-22 of the Monetary and Financial Code. Institutions must take all necessary measures to comply with these guidelines in accordance with Article 16 of Regulation (EU) No 1095/2010.
ADVICE Implementation of the European Securities and Markets Authority (ESMA) Guidelines on Product Governance Requirements under the MiFID II Directive (ESMA35-43-620)
The College of the Prudential Supervision and Resolution Authority (ACPR) has declared itself in compliance with the European Securities and Markets Authority (ESMA) Guidelines (ESMA35-43-620) on product governance requirements under the MiFID II Directive.
These Guidelines apply to credit institutions that market structured deposits as defined in Article L. 312-22 of the Monetary and Financial Code or that provide advice on such deposits. These institutions must take all necessary measures to comply with these Guidelines, in accordance with the provisions of Article 16 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority).