ESMA - Improvements in regulators’ supervisory practices concerning MiFID rules on fair, clear and not misleading information

ESMA has published a Follow-up Report on the actions undertaken by ten National Competent Authorities in addressing deficiencies identified in the 2014 Peer Review on MiFID Conduct of Business rules relating to fair, clear and not misleading information.

The Follow-up Report has concluded that the NCAs from Lithuania, Latvia, Malta, Poland, Portugal and Romania have addressed all of the deficiencies previously identified. For the remaining four NCAs, one (Denmark, Estonia, Greece) or more (Cyprus) deficiencies remain, although significant efforts have been made by Cyprus and Greece.