ESMA updates MiFID 2 and AIFMD FAQs

ESMA has updated:

• its FAQs on MiFID 2 and MiFIR investor protection and intermediaries in respect of information on costs and charges in respect of portfolio management services; and product intervention – specifically the application of national product intervention measures where services are provided on a cross-border basis; and
• its FAQs on the AIFMD in respect of reporting to national regulators in respect of liquidity stress tests for closed-ended unleveraged AIFs.