Thursday June 3 2021

News Source: Fund Regulation

Focus: MIFID and MIFIR

Type: General

Country: Finland




The Financial Supervisory Authority (FIN-FSA) has implemented nationally the European Securities and Markets Authority’s (ESMA) guidelines on certain aspects of the MiFID II compliance function requirements (ESMA35-36-1952). These guidelines replace the ESMA guidelines on the same topic ESMA/2012/388.

The revision will enter into force on 7 June 2021.

In its regulations and guidelines, the FIN-FSA recommends that entities falling within the scope of application of the ESMA Guidelines comply with them.

The objectives of ESMA’s guidelines are

  • to establish consistent, efficient and effective supervisory practices within the ESFS and
  • to ensure the common, uniform and consistent application of certain aspects of the MiFID II compliance function.

Click on the link for further information.