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AFM sees room for improvement for investment firms’ compliance with MiFID II

On 10 December 2019, the Netherlands Authority for the Financial Markets (Autoriteit Financiële Markten, AFM) issued a report on the results of its investigations of ten investment firms on their compliance with the second European Markets in Financial Instruments Directive (MiFID II).

20 Jan 2020

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The report concludes that the investment firms which were part of the AFM’s investigation in 2018 and 2019 need to make improvements in the field of costs transparency, product governance and commissions. A total of ten investment firms were included in the AFM’s investigation.

More precisely, the investigation report sets out the background and scope of the AFM’s investigation, the results for each of the aforementioned fields, and a number of observations together with concrete tools for improvement.
The AFM emphasizes that MiFID II compliance remains a point of focus for the AFM. The AFM expects all investment firms to use the tools offered in the investigation report to test their practices and implement improvements where necessary.

Download AFM report on compliance with MiFID II

Read the full edition of REGWATCH covering the following jurisdictions:

  • European Union
  • Belgium
  • France
  • Germany
  • Hong Kong
  • Ireland
  • Italy
  • Luxembourg
  • Switzerland
  • United Kingdom

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