Events listed in Markets in Financial Instruments Directive II (MiFID II)
ESMA puts forward expectations towards effective circuit breaker implementation
ID 25312
ESMA has issued a supervisory briefing aimed at enhancing the implementation of circuit breakers in trading venues. Circuit breakers are vital tools used by TVs to safeguard against market volatility, mandated by MiFID II, and specified in DelReg (EU) 2017/584 (RTS 7). This supervisory briefing seek to strengthen convergence among NCAs in the EU regarding the calibration of circuit breakers, promoting compliance, shared understanding, ...
CNMV adopts ESMA’s guidelines on the MiFID II’s product governance requirements to ...
ID 25293
The CNMV has informed ESMA of the adoption of the Guidelines on MiFID II product governance requirements (eventid=22543). These guidelines are designed to enhance investor protection by ensuring that financial products are manufactured and distributed in the best interests of clients. The guidelines, which were originally published in 2017, have been updated to incorporate recent supervisory experience and new regulatory developments: Manufacturers of financial ...
Compliance table on Guidelines on certain aspects of the MiFID II appropriateness ...
ID 25278
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 has postponed its compliance with the ESMA Guidelines until 1 December 2023.
ESMA to launch Common Supervisory Action on MiFID II sustainability requirements
ID 25195
ESMA is planning to launch a CSA in 2024, in collaboration with NCAs, to assess how financial intermediaries are integrating sustainability into their suitability assessment and product governance procedures. This evaluation is in response to amendments made to the MiFID II Delegated Acts, which entered into application on 2 August 2022, introducing key sustainability requirements (eventid=11684). The CSA will examine several aspects, including how ...
Gouvernance des produits – directive MIF 2 : l’AMF applique les ...
ID 25141
The AMF has recently updated its Position DOC-2018-04 to align with the revised guidelines issued by ESMA concerning product governance requirements and also to extend the applicability of these guidelines to FIAs. The background to these changes stems from ESMA’s initiative in early 2022 to update its guidelines on product governance requirements, driven by evolving regulations that necessitate the consideration of sustainability related objectives ...
Avviso Consob del 27 settembre 2023 in merito all’aggiornamento degli ...
ID 25128
The Italian financial regulatory authority, Consob, issued a notice on 27 September 2023, regarding an update of ESMA’s Guidance on product governance requirements under MiFID II. ESMA had published the guidelines on 3 August 2023, on its official website and aim to ensure a consistent and harmonized application of product governance requirements, ultimately strengthening investor protection. The guidelines build on previous ESMA guidance and ...
Orientering om reviderede ESMA retningslinjer om produktstyring
ID 25114
The Danish FSA has informed ESMA of the adoption of the Guidelines on MiFID II product governance requirements (eventid=22543). These guidelines are designed to enhance investor protection by ensuring that financial products are manufactured and distributed in the best interests of clients. The guidelines, which were originally published in 2017, have been updated to incorporate recent supervisory experience and new regulatory developments: Manufacturers of ...
Updated ESMA Guidelines on product governance requirements taking effect
ID 25108
The AFM is alerting investment firms to ESMA’s updated product governance guidelines, which provide clarity on handling new developments and product requirements. Emphasizing the importance of good product governance, it ensures products serve clients‘ best interests by defining suitable product ranges and distributions. Investment firms must now consider sustainability objectives when determining the target market for financial instruments. This change recognizes ...
Réponse de l’AFG au Call for Evidence de l’ESMA sur l’intégration des préférences ...
ID 24994
The AFG responded to ESMA’s CfE on the integration of ESG preferences in product governance and suitability assessments. As a reminder, ESMA’s CfE was looking of industry feedback on integrating sustainability into MiFID II rules. The goal was to understand how firms are implementing these rules, gather investor insights, and track sustainable investment trends. ESMA and NCAs were collecting feedback until 15 September 2023. ...
ESMA’s call for evidence on the integration of ESG preferences on suitability and ...
ID 24967
EFAMA responded to ESMA’s request for feedback regarding the integration of ESG preferences into suitability and product governance arrangements. As a reminder, ESMA launched a CfE to gather feedback on sustainability integration in MiFID II. ESMA’s aim is to understand firms‘ compliance, investor experiences, and sustainable investment trends. ESMA and NCAs will assess responses and monitoring MiFID II compliance. In their response, EFAMA expressed ...