Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Raport końcowy - Wytyczne na temat pewnych aspektów wymogów wynagradzania z MiFID II

The remuneration of staff involved in the provision of investment and ancillary services and activities or selling or advising on structured deposits to clients is a crucial investor protection issue.

On 19 July 2021, ESMA published a Consultation Paper (CP) with proposed draft guidelines on certain aspects of the MIFID II remuneration requirements.1

The consultation period closed on 19 October 2021. ESMA received 20 responses, 1 of which confidential. The responses received are available on ESMA’s website unless respondents requested otherwise. In addition, ESMA also received the advice of the Securities and Markets Stakeholders Group (SMSG).

This paper summarises the responses to the CP and explains how the responses have been taken into account. ESMA recommends reading this report together with the CP published on 19 July 2021 to have a complete view of the rationale for...