Tag Archives: Product governance
ESMA has published its final report on product governance guidelines under MiFID 2. It received over 100 responses to its consultation on the guidelines, which were generally supportive. However, ESMA has made some changes to the guidelines as a result of the comments. The final guidelines will now apply from 3 January 2018 and will […]
WMA’s response to ESMA’s consultation on draft guidelines on product governance under MiFID 2 highlights: that execution-only firms are not clear on what is expected of them, given the restricted information they hold about their clients; the need to stress manufacturers of mass market products should seek only relevant information. WMA thinks the focus should […]
Andrew Barber and Emma Radmore gave an interview to Lexis PSL on ESMA’s draft product governance guidelines for manufacturers and distributors of products covered by MiFID 2. We have now published the contents of this interview.
ESMA is consulting on draft guidelines for supervisors to help them assess whether product manufacturers and distributors have properly complied with MiFID 2’s requirements on product governance. The guidelines focus on the determination of target markets for products.