Esma Issues Updated Q&A In Relation To Investor Protection Subject To MiFID II


ESMA has published an enhanced Q&A in relation to the implementation of investor protection topics under the MiFID II and MiFIR.

The new Q&As cover the topics of client categorization, post-sale reporting, recording of telephone conversations and electronic communications, best execution, and information on costs and charges.

The overall MiFID II Q&A provides clarification 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 categorization

The document can be accessed here:

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