MiFID review: CESR consults on investor protection and intermediaries
13 April 2010
The main topics of the consultation include the definition of personal recommendation, supervision of tied agents and related issues, requirements for complex versus non-complex financial instruments and the recording of electronic communications.
The main points in this Consultation Paper are under the following six headings:
1. Requirements relating to the recording of telephone conversations and electronic communications Execution quality data (Art 44(5) of the MiFID Level 2 Directive)
2. MiFID complex vs. non-complex financial instruments for the purposes of the Directive’s appropriatenessrequirements.
3. Definition of personal recommendation.
4. Supervision of tied agents and related issues.
5. MiFID options and discretions.
Deadline for comments is 31 May 2010.
© CESR - Committee of European Securities Regulators
