REMUNERATION REQUIREMENTS UNDER MIFID II

19 Jul: ESMA CONSULTS ON REMUNERATION REQUIREMENTS UNDER MIFID II

(Source: European Securities and Markets Authority (ESMA))

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today launches a consultation on draft ESMA guidelines on certain aspects of the MiFID II remuneration requirements.

The remuneration of staff involved in the provision of investment and ancillary services and activities, or in selling or advising on structured deposits to clients is a crucial investor protection issue. Therefore, ESMA has developed draft guidelines that aim to clarify and foster convergence in the implementation of certain aspects of the new MiFID II remuneration requirements, replacing the existing ESMA guidelines on the …