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.