News

Our News

MiFID II Suitability Rules: ESMA Common Supervisory Action with National Competent Authorities

The European Securities and Market Authority (ESMA) will conduct during 2020, together with the National Competent Authorities, the Common Supervisory Action (CSA).

The CSA will target the application of assessment suitability requirements under MiFID II allowing ESMA and the National Competent Authorities to measure the progress made on the application of this key requirement for investor protection.

The CSA will help also in verifying whether the investment firms are considering the costs of the investment products offered to customer in addition to the other suitability rules and if they are in line with ESMA objectives.  

The initiative of promoting supervisory convergence in cooperation with the National Competent Authorities is crucial for the effective implementation of EU rules on investors suitability and for the strengthening of investor protection.

Source:

ESMA Press News

Learn More:

ESMA Guidelines

ESMA Supervisory Briefing