Investor Protection under MiFID II

Investor Protection under MiFID II

The European Securities and Markets Authority (ESMA) has recently published a set of Q&As dealing with the implementation of investor protection topics under the upcoming Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR), which is due to enter into force in 2018 and which aims to bolster investor protection by introducing new requirements as well as enhancing those currently applied.

ESMA’s Q&A document is designed to facilitate common supervisory approaches and practices in their application of MiFID II/ MiFIR (specific to investor protection). The Q&A comprises the Authority’s responses and clarifications to several queries submitted by regulatory authorities, market players and the general public and covers inter alia:

  • Best execution
  • Recording telephone conversations and electronic communications
  • Record keeping
  • Investment advice on an independent basis
  • Underwriting and placement of a financial instrument
  • Inducements

The Q&A is intended to be a ‘live’ document and, accordingly, it is expected that ESMA will update and develop the same on a continuous basis over the course of the coming months leading up to the implementation of MiFID II/ MiFIR.

Contact Be. Legal Advocates to find out more about financial services regulation and investor protection under MiFID II

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