MiFID II Suitability Requirements Could Benefit the Crypto Market

[kreslik.news]

The European Securities and Markets Authorities (ESMA), a European regulator, released its final report on guidelines regarding the Markets in Financial Instruments Directive II (MiFID II) suitability requirements this Tuesday. The release of the report comes after a consultation paper on the subject was released last July.

ESMA noted that the objectives of the suitability requirements remained unchanged since their implementation under MiFID II. Instead, today’s guidelines served to update existing guidelines to reflect technological change and provide greater depth into firms’ responsibilities regarding the suitability requirements.

Help us to make Finance Magnates better!

Most significant were ... (read more)