ESMA updates Q&AS on MiFID II and MiFIR investor protection and intermediaries
The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR).
The Q&As on MiFID II and MiFIR investor protection and intermediaries topics provide a new answer on:
- Best execution - Classification of financial instruments under RTS 27 if ESMA has not published any calibrated market sizes
The purpose of these Q&As is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR.
ESMA will continue to develop this Q&A document on investor protection topics under MiFID II and MiFIR, both adding questions and answers to the topics already covered and introducing new sections for other MiFID II investor protection areas not yet addressed in this Q&A document.