Following the call for interest for the renewal of the Consultative Working Group for the Investor Protection and Intermediaries Standing Committee, ESMA announced the composition of the new group. The Standing Committee is responsible for developing and providing technical advice to the European Commission, and for preparing technical standards, guidelines and recommendations relating to the provisions of the Markets in Financial Instruments Directive (MiFID) applicable to investment services and activities. This includes, for example, the authorisation of investment firms, conduct of business, organisational arrangements and pass-porting.