Esma cautions on Mifid rules
European markets watchdog warns that complex products are being mis-sold
The European Securities and Markets Authority (Esma) is concerned that issuers and distributors of complex products are falling short of European Union rules that govern product sales, as member states report a rise in the variety and complexity of investment products being sold to retail.
In a regulatory opinion issued on February 7, Esma reminds market participants that they must adhere to conduct rules in the Markets in Financial Instruments Directive (Mifid), after reviews and discussions
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