Events listed in Markets in Financial Instruments Directive II (MiFID II)
WSA oddalił skargę Prosper Capital DM SA na decyzję KNF
ID 26419
Following KNF’s imposition of a fine on Prosper Capital Dom Maklerski SA in March 2023 (eventid=20339) in the amount of PLN 1.200.000 for: 1. failing to adequately assess the suitability of products for a target market, 2. failing to adequately assess the suitability of a product for clients (the questionnaire used did not sufficiently support such assessment), 3. distributing bonds to customers which were ...
[ESMA35-43-349 ] Q&As on MiFID II and MiFIR investor protection topics
ID 26319
ESMA has published an updated version of its Questions and Answers (Q&A) on MiFID II and MiFIR investor protection and intermediaries topics. The latest version includes following changes – as quoted (with tracked changes): ___ #### Information on costs and charges: **Question 13 (amended): When providing information of costs and charges to clients, on which basis should costs be aggregated? What is the level ...
Compliance table on Guidelines on certain aspects of the MiFID II appropriateness ...
ID 25760
ESMA has published a revised version of the compliance table for its Guidelines on certain aspects of the MiFID II appropriateness and execution-only requirements (ESMA35-43-3006). Comparing the current compliance table (ESMA35-43-3327) with the previous one reveals that Romania now complies with the guidelines.
Compliance table on the Gudelines on MiFID II remuneration requirements
ID 25756
ESMA has published a compliance table for its Guidelines on certain aspects of the MiFID II remuneration requirements [ESMA35-43-3565] (see eventid=20585). To recall, the updated guidelines include measures to assess the adequacy of policies and practices and guidelines on documentation, regular reviews, and changing policies. An annex is included with examples of harmful policies and practices to avoid conflicts of interest. The compliance table ...
Compliance table on the Guidelines on MiFID II product governance (2023)
ID 25745
ESMA has published a compliance table for its Guidelines on MiFID II product governance (2023 revised version) [ESMA35-43-3448] (see eventid=22543). To recall, the guidelines set out the MiFID II product governance requirements, specifying sustainability-related objectives, identifying a target market per cluster, determination of a compatible distribution strategy and a periodic review of products. The compliance table shows that all countries are or will be ...
[ESMA70-156-1411 ] Confirmation of compliance with Guidelines on the application of ...
ID 25702
ESMA has published an updated version of the compliance table for its Guidelines on the application of C6 and C7 of Annex 1 of MiFID II. „C6“ and „C7“ thereby simply refer to certain types of commodity derivatives to which requirements stipulated under MiFID II apply. The compliance table clarifies which competent authorities of which member states comply or intend to comply with the ...
ESMA publishes analysis on the evolution of EEA share market structure since the ...
ID 25552
ESMA has released an analysis on the evolution of the EEA share market structure since the implementation of MiFID II, with a specific focus on the period from 2019 to 2022. The analysis delves into the impact of the UK’s withdrawal from the EU on equity markets, emphasizing the changes observed in trading volumes, the number of trading infrastructures, share trading distribution, and the ...
New rules on multiple voting shares must strike the right balance between issuer ...
ID 25507
EFAMA published a Position Paper on the EC’s Multiple Voting Shares Directive (eventid=18761), acknowledging EC’s efforts to enhance the CMU and bolster public capital markets‘ competitiveness. However, EFAMA raises concerns and emphasizes the need for a balanced approach in regulating multiple voting share structures. EFAMA underscores the importance of maintaining a balance between the interests of issuers and investors. While acknowledging the significanc ...
Circulaire CSSF 23/841
ID 25329
The purpose of this circular is to inform about the application by the CSSF of the ESMA Guidelines on certain aspects of the remuneration requirements of Directive MiFID II (ESMA35-43-3565), published on 3 April 2023. The CSSF has integrated these Guidelines into its administrative practice and regulatory approach in order to promote convergence in supervision in this area at the European level. All entities ...
[ESMA70-872942901-38 ] Questions and Answers on MiFID II and MiFIR market ...
ID 25326
ESMA has published a new version of its Q&As „on MiFID II and MiFIR market structures topics“. Specially, the following two Q&As covering the access to TVs and the nondiscriminatory fees in Article 11 of RTS 15 in Part 6 of the document were added: ___ **Question 8: To what extent can a trading venue apply different fee schedules to CCPs under Article 36 ...