ESMA has published its final report on remuneration guidelines under MiFID. The guidelines aim to improve implementation of the conflicts of interest and conduct of business provisions in MiFID. They cover the governance and design of remuneration policies and cover all staff who have a material impact on the services the firm provides. National regulators should "comply or explain" within two months of ESMA's publishing the official translation of the guidelines. (Source: ESMA Reports on Remuneration Guidelines)