Regulatory Alerts2023-07-28
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ESMA Updates Its Guidance on the Definition of Advice in a Supervisory Briefing
The European Securities and Markets Authority (ESMA) has updated its guidance regarding the definition of investment advice within a supervisory briefing. This regulatory update clarifies the criteria for determining when a service constitutes advice, aiming to enhance consistency in supervisory practices across the European Union. The guidance serves as a critical reference for financial institutions and regulators to ensure compliance with MiFID II standards.
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