The Markets in Financial Instruments Directive II (the “Directive”) is a comprehensive set of amendments to the Markets in Financial Instruments Directive that has been in force since late 1997. The new Directive comes into force on 3rd January 2018.
On 5 October 2016 ESMA released a consultation paper regarding draft guidelines for Product Governance under MiFID II. The Guidelines surrounded the application of Articles 16(3) and 24(2) of MiFID II. Interested parties had until 5 January 2017 to reply.
FundAssist gathered and compiled the views of interested parties in the wider investment industry and has made a submission to ESMA.
The full consultation paper is available on the ESMA website and responses will be published in due course.
For more information on the MiFID II Regulation please click here to contact us or call your regular FundAssist contact.