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.
OPINION Implementation of the European Securities and Markets Authority (ESMA) Guidelines on Cross-Selling Practices (ESMA/2016/574)
The College of the Prudential Control and Resolution Authority (ACPR) has declared itself compliant with the European Securities and Markets Authority guidelines on cross-selling practices (ESMA/2016/574).
These guidelines apply to credit institutions that market structured deposits within the meaning of Article L. 312-22 of the Monetary and Financial Code or that provide advice on such deposits. These institutions must take all measures to comply with these guidelines, in accordance with the provisions of Article 16 of Regulation (EU) No 1095/2010 of the European Parliament and of the Council of 24 November 2010 establishing a European Supervisory Authority (European Securities and Markets Authority).