Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Wytyczne w sprawie pewnych aspektów wymogów dot. zrównoważonego rozwoju MiFID II

23 September 2022

ESMA35-43-3172

Final Report Guidelines on certain aspects of the MiFID II suitability requirements

1 Executive Summary

Reasons for publication

The assessment of suitability is one of the most important requirements for investor protection in the MiFID II framework. It applies to the provision of any type of investment advice (whether independent or not) and portfolio management. In accordance with the obligations set out in Article 25(2) of Directive 2014/65/EU on Markets in Financial Instruments (MiFID II) and Articles 54 and 55 of the Commission Delegated Regulation (EU) 2017/565 (MiFID II Delegated Regulation), investment firms providing investment advice or portfolio management have to provide suitable personal recommendations to their clients or have to make suitable investment decisions on behalf of their clients.

This Final Report builds on the text of the 2018 ESMA guidelines , which have now been reviewed following the adoption by the European Commission of the...