National regulators strengthen their supervision of the compliance function

ESMA Guidelines and Recommendations

Date: 18 July 2023

On 13 July 2023, the European Securities and Markets Authority (ESMA), published its follow-up report to the peer review on certain aspects of the compliance function under MiFID I. The report shows that, overall, the National Competent Authorities (NCAs) assessed improved their practices following the 2017 peer reviews findings and recommendations.