UK Finance guidelines on implementing MiFID II product governance and retail costs and charges requirements

The UK Finance has published the following set of guidelines designed to help firms implement some of the key requirements under MiFID II: MiFID II product governance: Guidelines on target market identification. These guidelines focus on the identification of the target market, and are intended for use by MiFID firms who are manufacturers or distributors of financial instruments, as well as those providing services to clients. The guidelines are designed to act as a tool so firms can clearly and efficiently define, review and share target market information in the knowledge that it will be broadly in line with a common industry approach; MiFID II product governance: Guidelines on information exchange between manufacturers and distributors. MiFID II sets out clear expectations for manufacturers to make available to distributors appropriate information on the financial instruments and the product approval process, including the identified target market of the instrument. It also…

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