FIN.

ESMA publishes appropriateness briefing

ESMA has updated its supervisory briefing on MiFID 2 appropriateness requirements and execution only.  The briefing covers:

  • working out when an appropriateness assessment is needed;
  • getting information from clients;
  • the assessment;
  • client warnings;
  • qualifications of staff; and
  • record keeping

The main trigger for the update was to include relevant messages from ESMA’s guidelines on suitability published last May.

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Emma Radmore