ESMA Guidelines on MiFID II product governance requirements now applicable
ESMA’s new Guidelines on MiFID II product governance requirements came into effect on 3 October 2023.
The Guidelines aim to ensure that firms which manufacture and distribute financial instruments and structured deposits act in the best interests of clients during all stages of the life cycle of products and services.
The product governance requirements have proven to be one key element of the MiFID II investor protection framework. By pursuing the objective of ensuring a consistent, uniform and harmonised application of the product governance requirements, the Guidelines will further strengthen investor protection within the EU.
For further information in relation to this topic, please contact Patrick Brandt (Partner), Kevin Allen (Partner), Christopher Martin (Of Counsel), Louise Hogan (Associate), Sarah Lee (Senior Knowledge Lawyer) or any member of ALG's Financial Regulation Advisory team.
Date published: 07 November 2023