ESMA updates MiFID II - MiFIR investor protection Q&A

On 3 October 2017, the European Securities and Markets Authority ("ESMA") has published an update version of its Questions and Answers document (the "Q&A") on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II - MiFIR).

The update Q&A provides clarifications on the following topics:

• best execution;
• suitability and appropriateness;
• recording of telephone conversations and electronic communications;
• post-sale reporting;
• record keeping;
• investment advice on an independent basis;
• inducements (research);
• information on charges and costs;
• underwriting and placement of a financial instrument; and
• client categorisation.

Remember: the MiFID II applies from 3 January 2018 and will strengthen the protection of investors by both introducing new requirements and reinforcing existing ones.

Please follow the link below to read the full ESMA updated Q&A on the implementation of investor protection topics under MiFID II and MiFIR:

Q&As on MiFID II and MiFIR investor protection and intermediaries topics

Quentin BOURELLE