Final Report on Guidelines on MiFID II product governance guidelines introduces:

  • the specification of any sustainability-related objectives a product is compatible with;
  • the practice of identifying a target market per cluster of products instead of per individual product (“clustering approach”);
  • the determination of a compatible distribution strategy where a distributor considers that a more complex product can be distributed under non-advised sales;
  • the periodic review of products, including the application of the proportionality principle.