13.10.2017 | Positionspapier Position Paper Robo-Advice: ESMA guidelines on certain aspects of the MiFID II suitability requirements
In July, the European Securities and Markets Authority (ESMA) published its long-awaited consultation paper on the “Guidelines on certain aspects of the MiFID II suitability requirements” and invites for comments on this paper. ESMA's requirements will affect both the assessment of suitability of clients and the internal processes of investment firms for assessing suitability.
In this respect, the requirements of the ESMA Guidelines are of particular interest in the field of digital asset management and robo-advice. Special attention should be paid to the requirements of the ESMA Guidelines with regard to the digital aspects of the assessment of suitability of clients.
- Julian Grigo