ESMA issued its final report on guidelines for the assessment of knowledge and competence under MiFID II on 17 December 2015. These guidelines come into force on 3 January 2017, and specify the criteria for the assessment of the necessary knowledge and competence requirements of investment firms’ staff.
ESMA also issued its final report on guidelines on cross-selling practice under MiFID II on 22 December 2015. These guidelines come into force on 3 January 2017, and include principles on improving disclosures when products are cross sold, addressing conflicts of interest and improving understanding on whether purchasing individual products offered in package is possible.
Read the press release 'ESMA issues MiFID II Guidelines on Cross-Selling Practices'
ESMA issued a consultation paper on guidelines on transaction reporting, reference data, order record keeping & clock synchronisation on 23 December 2015. The consultation is open for comment until 23 March 2016.