Regulatory Alerts2019-03-28
Implementation of ESMA Guidelines on Cross-Selling Practices (ESMA/2016/574)
The Prudential Control and Resolution Authority (ACPR) College declared compliance with the European Securities and Markets Authority (ESMA) guidelines on cross-selling practices (ESMA/2016/574). 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.
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