Adoption of ESMA Guidelines on MiFID II product governance requirements

The Cyprus Securities and Exchange Commission has recently issued an announcement to entities it regulates that it has adopted the ESMA Guidelines on MiFID II product governance requirements, which are intended to promote consistency in the implementation and application of the MiFID II requirements on product governance and strengthen investor protection.

Regulated entities are required to apply the guidelines with effect from 3 January 2018.

For further information on this matter please contact Dimitris Papoutsis or your usual contact at Elias Neocleous & Co LLC.

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