Revision to FIN-FSA regulations and guidelines 7/2018 concerning certain aspects of the MiFID II suitability and remuneration requirements
In its regulations and guidelines, the FIN-FSA recommends that entities falling within the scope of application of the ESMA Guidelines comply with them.
The guidelines on certain aspects of the MiFID II suitability requirements builds on the text of the 2018 ESMA guidelines, which have been reviewed to consider among others the changes to the MiFID II Delegated Regulation to integrate sustainability factors, risk and preferences into organisational requirements and operating conditions for investment firms.
The guidelines on certain aspects of the MiFID II remuneration requirements build on the text of the 2013 guidelines on remuneration policies and practices (MiFID), which have been substantially confirmed (albeit clarified and refined where necessary). In addition, it takes into account new requirements under MiFID II and the results of supervisory activities conducted by national competent authorities on the topic.
For further information, please contact
Saara Rundqvist, Senior Supervisor, telephone +358 9 183 5320 or saara.rundqvist(at)fiva.fi
Appencides
- FIN-FSA regulations and guidelines 7/2018 on the organisation and code of conduct of investment services (in Finnish)
- ESMA guidelines on certain aspects of the MiFID II suitability requirements (ESMA35-43-3172)
- ESMA guidelines on certain aspects of the MiFID II remuneration requirements (ESMA35-43-3565)
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