Regulatory Alerts2023-10-13 | C603CySEC Circular C603: ESMA Guidelines on MiFID II Product Governance Requirements
The Cyprus Securities and Exchange Commission issued Circular C603 to inform regulated entities that it has adopted the European Securities and Markets Authority Guidelines on MiFID II product governance requirements. These guidelines establish consistent supervisory practices to ensure the uniform application of MiFID II rules regarding the manufacturing and distribution of financial instruments and structured deposits. Regulated entities are required to apply these guidelines starting from October 3, 2023, to strengthen investor protection and comply with CySEC's updated regulatory approach.
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