|
|
The Q&As on MiFID II and MiFIR investor protection and intermediaries topics provides new answers on:
Best execution - Reporting for firms using a venue’s RFQ system to agree a trade; and,
Investment advice on an independent basis – Use of a ‘look-through’ approach.
The overall Q&As provide clarifications on the following topics:
Best execution;
Suitability and appropriateness;
Recording of telephone conversations and electronic communications;
Post-sale reporting;
Record keeping;
Investment advice on an independent basis;
Inducements (research);
Information on charges and costs;
Underwriting and placement of a financial instrument;
Client categorisation;
Inducements;
Provision of investment services and activities by third country firms;
Application of MiFID II after 3 January 2018, including issues of late transposition; and
Other issues.