CAPITAL MARKETS – Update of the guidelines issued by ESMA under MiFID II

Newsletter n. 90 – November 2023

CAPITAL MARKETS 

Update of the guidelines issued by ESMA under MiFID II

On 3 August 2023, the European Securities and Markets Authority (ESMA) published on its website the “Guidelines on MiFID II product governance requirements” adopted on 27 March 2023. These guidelines provide market operators with updated guidance in light of regulatory developments, especially with regard to the integration of sustainability profiles in product governance processes, and on the basis of the experience acquired in the application of the requirements introduced under MiFID II. An annex to the Final Report also provides a list of good practices that emerged from the supervisory activity carried out by ESMA.