The purpose of the ESMA guidelines is to clarify the application of certain aspects of the MiFID II appropriateness and execution-only requirements in order to ensure the common, uniform and consistent application of Article 27ter, §§ 3 and 5, of the Law of 2 August 2002 on the supervision of the financial sector and on financial services and of Articles 55 to 57 of the Commission Delegated Regulation (EU) 2017/565.
