South Korea's financial regulator is moving to strengthen consumer protection by holding asset managers accountable from the product design stage, potentially amending the Financial Consumer Protection Act to prevent blame-shifting and align with EU standards.
#YonhapInfomax #FinancialSupervisoryService #FinancialConsumerProtectionAct #LeeChanJin #AssetManagers #MiFIDII #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=91106
[Lee Chan-jin's Approach to Consumer Protection] 'Only Products You'd Sell to Your Family'—Will the Financial Consumer Protection Act Hold Asset Managers Accountable?
South Korea's financial regulator is moving to strengthen consumer protection by holding asset managers accountable from the product design stage, potentially amending the Financial Consumer Protection Act to prevent blame-shifting and align with EU standards.
EUROSCOPE | L’ÉPARGNANT PERDU DANS LA FORÊT MiFID
Quand la protection vire à l’absurde,
l’ESMA cherche la lumière dans le labyrinthe réglementaire.
Pourra-t-on encore investir sans se perdre ?
https://whatsapp.com/channel/0029VaE5Wl8Dp2Q7vJyg0G30
#ESMA #MiFIDII #InvestisseurParticulier #EuroScope
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MiFID II : L'ESMA renforce la transparence des actions
Avec son rapport final, l’ESMA simplifie et modernise les règles pour une transparence accrue des marchés financiers. Une étape clé pour l’innovation et la compétitivité européenne. 📊💶
➡️ https://whatsapp.com/channel/0029VaE5Wl8Dp2Q7vJyg0G30/2047
#MiFIDII #ESMA
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RT by @EU_Finance: NOW AVAILABLE: Final compromise texts on the markets in financial instruments regulation and directive #MiFIDII and #MiFIR.
The texts were endorsed by EU ambassadors in #COREPERII this morning.
Find them at the bottom of this press release 👇
https://europa.eu/!gKbrJ3
🐦🔗: https://nitter.cz/EUCouncilPress/status/1714656765759955344#m
[2023-10-18 14:56 UTC]
📤 #ESMA newsletter is out → https://europa.eu/!3x74JX.
🪙 #MiCA consultation package
📊 Analysis of the cross-border investment activity
🌍Statement on the sustainability disclosure in prospectuses
🔎 Implementation of SRD2
📄 Briefing on the definition of advice under #MiFIDII
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1688838215791161347
📄 Translations of the Guidelines on #MiFIDII product governance requirements → https://europa.eu/!k8Qg6V.
🗓️ Guidelines apply from 3 October 2023 to firms and competent authorities.
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1688556572899753984
Guidelines on MiFID II product governance requirements
#ESMA revised the technical standards for passporting under Article 34 of #MiFIDII → https://europa.eu/!3R7yWG.
🎯 The proposals include amendments that would add new information requirements to the list of details investment firms have to provide at the passporting stage.
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1683401671831846912
ESMA publishes Final Report on revised technical standards for passporting
Re ESMA's expectations for firms’ compliance w/ #MIFIDII:
👉revenues from securities lending should directly accrue to retail client, net of a normal compensation for the services
👉express prior consent of retail clients shouldn't be sought by the firm’s general terms & conditions https://n.respublicae.eu/ESMAComms/status/1680885267618570241/photo/1
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1680885267618570241
ESMA - EU Securities Markets Regulator 🇪🇺 (@ESMAComms)
ESMA's expectations for firms’ compliance w/ #MIFIDII:
👉revenues from securities lending should directly accrue to retail client, net of a normal compensation for the services
👉express prior consent of retail clients shouldn't be sought by the firm’s general terms & conditions
What is an #investment advice in a supervisory briefing under #MIFIDII?
✅ #ESMA reviewed and updated the CESR Q&A on the definition
🗣️ Who? National supervisors and firms
🎯 Why? Align it with new business models and recent technological developments
https://europa.eu/!crmvnV https://t.co/HK3KNYkYZR
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1678760017246433281
ESMA updates its guidance on the definition of advice in a supervisory briefing
Firms comply w/ most of the elements of the ex-post cost and charges requirements ☂️ #MIFIDII.
ESMA Statement on its 2022 Common Supervisory Action ➕ on the #mystery shopping exercise regarding compliance w/ disclosure requirements for costs and charges: https://europa.eu/!CyyNfg https://t.co/kcMFKDjVit
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1676919014520496128
ESMA highlights areas for improvement in firms’ disclosure of cost and charges under MIFID
Yonhap Infomax News
Mathieu Gitton
EU Finance 🇪🇺
ESMA - EU Securities Markets R