Regulatory Alerts2022-02-02
Added · Updated
Consultation on ESMA Guidelines on MiFID II Suitability Requirements
The Malta Financial Services Authority is consulting on the European Securities and Markets Authority's draft guidelines regarding MiFID II suitability requirements. The proposed rules mandate that investment firms integrate clients' environmental, social, and governance preferences into suitability assessments and organizational training procedures. Firms must collect sustainability preference data even if no matching products are currently available, documenting any limitations in the suitability report.
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