Regulatory Alerts2023-04-18
Added · Updated
ESMA Final Report on MiFID II Product Governance Guidelines
The European Securities and Markets Authority (ESMA) published a Final Report updating the MiFID II Product Governance Guidelines to ensure consistent investor protection and prevent mis-selling. The amendments introduce new requirements for specifying sustainability objectives, adopting a clustering approach for target markets, determining distribution strategies for complex products, and applying proportionality in periodic product reviews. These guidelines will apply two months after publication in all EU official languages, targeting investment firms and credit institutions involved in manufacturing or distributing financial instruments.
Topics
Share