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Suitability guidelines: ESMA looks to revamp requirements to better serve clients

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Published on: 26 July 2017

Published by a LexisNexis Financial Services expert

Table of contents

Original News
Why is ESMA updating its suitability guidelines?
What are the key changes that ESMA is proposing?
MiFID II
Automated advice
Behavioural studies
How will these guidelines impact current practice, in particular for UK firms?
What should firms do now?

Article summary

Financial Services analysis: The European Securities and Markets Authority (ESMA) recently published a consultation paper on certain aspects of suitability requirements in Directive 2014/65/2014 (MiFID II). Andrew Henderson, partner and author of the MiFID chapter in Gore-Browne on EU Company Law, and James Burnie, associate at Eversheds Sutherland LLP, explain the purpose of the consultation paper, the key proposed changes and their implications.

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