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ARTICLE · 24 OCTOBER 2022

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MFSA's Expectations In Relation To MiFID II Suitability Requirements

Ganado Advocates
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On 23 September 2022, ESMA issued its Final Report on Guidelines on certain aspects of the MiFID II Suitability Requirements (the "Guidelines") following the coming into force of Commission Delegated Regulation...

MaltaFinance and Banking
Paul Falzon
Paul Falzon
Michela Galea
Michela Galea
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On 23 September 2022, ESMA issued its Final Report on Guidelines on certain aspects of the MiFID II Suitability Requirements (the "Guidelines") following the coming into force of Commission Delegated Regulation (EU) 2021/1253 (the "Regulation").

In this regard, the MFSA has now communicated its expectations to all investment firms and credit institutions ("Firms") providing investment advice or discretionary portfolio management services in relation to the necessary steps to be taken to ensure compliance with the Guidelines and the Regulation, including the Sustainable Finance Disclosure Regulation ("SFDR") legal framework. The MFSA's expectations can be categorised into the following:

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