ESMA presents the results of the 2020 Common Supervisory Action (CSA) on MiFID II suitability requirements
21/07/2021 ESMA Visiter le site sourcePUBLIC STATEMENT
Background
1. In February 2020 ESMA announced on
its website the launch of a common supervisory action (CSA) with
national competent authorities (NCAs) on the application of MiFID
II suitability rules across the European Union (EU).
2. The CSA was set up to allow ESMA and the NCAs to assess the
progress made by intermediaries in the application of this key
requirement, including on whether and how the costs and complexity
of investment products are taken into account by firms when
recommending an investment product to a client. ESMA had updated
its guidelines on the topic in 20181 and had also published a
supervisory briefing2 on suitability, both of which were considered
for the 2020 CSA.