Authors: Sebastian Barling, Peter Bevan, Harry Eddis, Martyn Hopper, Michael Kent, Alastair Holt, Raza Naeem, James Morris, Karen Cooper

UK, EU - ESMA updates MiFID II compliance function guidelines

ESMA published its Final Report on its Guidelines on the MiFID II Compliance Function requirements on 5 June 2020. The Guidelines replace and update ESMA’s pre-MiFID II compliance function guidelines from 2012, and are relevant to the compliance function at both buy- and sell-side firms.

Read our note for a recap of the key content, highlights of the changes that ESMA has introduced as part of its update, and to find out more about next steps.