European Securities and Markets Authority Updates MiFID II Q&A on Investor Protection
On June 6, the European Securities and Markets Authority (ESMA) updated its question and answer document (Q&A) relating to investor protection under the revised Markets in Financial Instruments Directive (MiFID II) and the Markets in Financial Instruments Regulation (MiFIR).
The updated Q&A contains new questions and answers relating to the following topics:
information on costs and charges;
post-sale reporting (specifically on fulfilling the obligation to report on a portfolio depreciating by the 10% threshold); and
‘appropriateness’ in relation to complex financial instruments.
The Q&A is available here.