Mifid Connect issues guidance on suitability checks
Daily news headlines
Guidelines from Mifid Connect - the joint project of 11 trade associations - for financial firms on meeting the suitability and appropriateness provisions of the forthcoming Markets in Financial Instruments Directive (Mifid), have been approved by the UK Financial Services Authority (FSA). The FSA will take into account a firm's use of the guidelines when exercising its regulatory functions.
The guidelines set out points firms might consider in assessing whether their advice-based investment services are suitable for their customers, and whether other services they provide may be appropriate for the client under new requirements introduced by Mifid.
"The regulator's process for recognising industry guidance such as this is making an invaluable contribution towards helping firms come into compliance with what is a broad, far-reaching and principles-based directive," says Anthony Belchambers, chairman of Mifid Connect.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Operational risk
Risk Management
Litigation threats seen delaying SEC climate disclosure rules
Efforts to demonstrate materiality of exposures to investment decision-making is taking longer than expected, say lawyers
Receive this by email