The European Securities and Markets Authority (ESMA) has issued guidelines regarding cross-selling practices within the meaning of subparagraph 42 of Article 4(1) of MiFID II. The guidelines apply to Regulatory Authorities but CIFs are also recommended to review them and be updated for the purpose of investor protection. In particular, the guidelines concern cases where an investment service is offered together with another service or product as part of a package or as a condition for the same agreement or package.
You can read the Guidelines on cross-selling practices by following this link.
The material contained in this update is for information purposes only. In case you require any further information please feel free to contact us.
