ESMA updates its Q&As on MiFID II/MiFIR Investor Protection topics

MiFID Firms
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Date: 20 November 2017

On 10 November 2017, the European Securities and Markets Authority (ESMA) added 4 new Q&As to its Questions and Answers (Q&A) document on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The new Q&As cover the topics of post-sale reporting, record keeping, and inducements.

 

The overall MiFID II Q&A provide clarifications on the following topics:

 

  • Best execution
  • Suitability and appropriateness
  • Recording of telephone conversations and electronic communications
  • Post-sale reporting
  • Record keeping
  • Investment advice on an independent basis
  • Inducements (research)
  • Information on charges and costs
  • Underwriting and placement of a financial instrument
  • Client categorisation
  • Inducements