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|Date||Ref.||Title||Section||Type||Download||Info||Summary||Related Documents||Translated versions|
|21/10/2015||JC/2015/071||Press release- JC AML CP Final||Joint Committee, Press Releases||Press Release||PDF
|10/11/2015||2015/1639||Steven Maijoor at Economic and Monetary Affairs Committee, European Parliament, Scrutiny Hearing on MiFID II||MiFID - Investor Protection, Speeches||Speech||PDF
|11/11/2015||JC/2015/078||ESAs consult on PRIIPs key information for retail investors||Fund Management, Joint Committee, Press Releases||Press Release||PDF
|04/12/2015||JC/2015/087||ESAs issue discussion paper on automation in financial advice||Joint Committee, Press Releases||Press Release||PDF
|22/12/2015||2015/1872||Press Release Cross Selling Guidelines||MiFID - Investor Protection||Press Release||PDF
The European Securities and Markets Authority (ESMA) has published its Guidelines on Cross-Selling Practices under MiFID II (guidelines) to ensure investors are treated fairly when an investment firm offers two or more financial products or services as part of a package.
The guidelines include principles on:
The European Supervisory Authorities (ESAs) – EBA, EIOPA and ESMA - initially intended to issue joint guidelines covering all cross-selling practices taking place in the banking, insurance and securities sectors given that cross-selling is often cross-sectoral, and had consulted the stakeholders previously on this basis.
However, in light of legal concerns, the ESAs decided not to issue joint guidelines on cross-selling practices but agreed that ESMA should issue ESMA-only guidelines under MiFID II in order to meet its 3 January 2016 deadline.
While ESMA’s guidelines take into account the results of the ESAs’ joint consultation, the final report focuses on the feedback regarding cross-selling practices under MIFID II. Further, the guidelines are addressed to national regulators supervising the firms which provide MiFID services, when they engage in cross-selling practices.
The ESAs intend to inform the European Commission about the issues encountered and raise the possibility of legislative change to provide a foundation for future joint guidelines.
The guidelines will apply from 3 January 2017.
|08/02/2016||2016/268||Opinion on equivalence of Turkish prospectus regime||Prospectus||Opinion||PDF
|07/04/2016||JC/2016/21 PR||Joint Press Release draft RTS on PRIIPs||Fund Management, Joint Committee, Press Releases||Press Release||PDF
|07/04/2016||2016/582||ESMA finds room for improvement in national supervision of investment advice to retail clients||MiFID - Investor Protection, Press Releases, Supervisory convergence||Press Release||PDF
|12/05/2016||ESA/2016/41||Opinion of the ESAs- ECAI credit assessments||Credit Rating Agencies, Joint Committee||Opinion||PDF
|26/05/2016||2016/739||Speech Financial News 20th Anniversary Awards for Excellence- Steven Maijoor, 26 May 2016, London||MiFID - Investor Protection, Speeches||Speech||PDF
|02/06/2016||2016/903||ESMA reminds firms of responsibilities when selling bail-in securities||MiFID - Investor Protection||Press Release||PDF
|17/06/2016||2016/982||Opinion on inside information disclosure under the Market Abuse Regulation||Market Abuse||Opinion||PDF
|30/06/2016||2016/1047||Press Release Prospectus Peer Review||Prospectus, Supervisory convergence||Press Release||PDF
|25/07/2016||2016/1167||Press release- ESMA issues warning on sale of speculative products to retail investors||MiFID - Investor Protection||Press Release||PDF
|05/10/2016||2016/1438||ESMA consults on product governance guidelines to safeguard investors||MiFID - Investor Protection, Press Releases||Press Release||PDF
|17/11/2016||2016/1584||Safeguarding investors is key to ensuring the capital markets Union’s success||MiFID - Investor Protection, Speeches||Speech||PDF
|02/12/2016||2016/1640||Speech by Verena Ross, ESMA Executive Director at the 2016 Global Capital Markets Conference||MiFID - Investor Protection, Speeches||Speech||PDF
|19/12/2016||2016/JCESA PR||Press release- European Supervisory Authorities consult on Big Data||Joint Committee, Press Releases||Press Release||PDF
|08/02/2017||ESMA71-844457584-346||Review of the European Supervisory Authorities: Opportunities to ensure a safe and sound financial system||Board of Supervisors, Joint Committee||Speech||PDF
|25/04/2017||ESMA70-145-76||Points for convergence in relation to MAR accepted market practices on liquidity contracts||Market Abuse, Market Integrity||Opinion||PDF