The European Securities and Markets Authority (ESMA) has drawn up guidelines on certain aspects of the MiFID II remuneration requirements.
The aim of the guidelines is to provide better investor protection and more convergence in the interpretation and supervision of the MiFID II requirements, on the one hand in terms of remuneration and on the other hand as regards conflicts of interest and conduct of business rules, by emphasizing a number of important aspects.
The FSMA takes the view that these guidelines will provide clarity as to the application of certain legal and regulatory provisions of MiFID II. It will include them in its supervisory tool kit and practice.
For more information, please see the ESMA guidelines or the summary by the FSMA (available in French and Dutch only)