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The purpose of these guidelines is to clarify the application of certain aspects of the
MiFID II suitability requirements in order to ensure the common, uniform and consistent 5
application of Article 25(2) of MiFID II and of Articles 54 and 55 of the MiFID II Delegated
Regulation.
ESMA expects these guidelines to promote greater convergence in the interpretation of,
and supervisory approaches to, the MiFID II suitability requirements, by emphasising a
number of important issues, and thereby enhancing the value of existing standards. By
helping to ensure that firms comply with regulatory standards, ESMA anticipates a
corresponding strengthening of investor protection....
more at ESMA