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ARTICLE · 17 FEBRUARY 2021

ESMA Consults On MiFID II Appropriateness And Execution-only Requirements

Dillon Eustace
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On 29 January 2021, the European Securities and Markets Authority (ESMA) published a consultation paper on draft guidelines regarding certain aspects of the MiFID II...

IrelandFinance and Banking
Keith Waine
Keith Waine
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On 29 January 2021, the European Securities and Markets Authority (ESMA) published a consultation paper on draft guidelines regarding certain aspects of the MiFID II appropriateness and execution-only requirements (Consultation Paper). The Consultation Paper will be of particular relevance to investment firms and credit institutions providing investment services and activities, investment firms and credit institutions when selling structured deposits and external alternative investment fund managers (AIFMs) when providing investment services.

The Consultation Paper contains draft guidelines, which have been created by ESMA in order to clarify and promote convergence in relation to the application of certain aspects of the appropriateness and execution-only requirements. In addition, the Consultation Paper takes into account the results of supervisory activities conducted by national competent authorities on the application of the appropriateness and execution-only

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