ESMA has updated its supervisory briefing for regulators on the suitability requirements under MiFID 2. The briefing covers:
- when a suitability assessment is needed;
- information to clients on the assessment;
- getting information from clients;
- arrangements necessary to understand products;
- arrangements necessary to understand the suitability of an investment;
- suitability report;
- staff qualifications; and
- record keeping.