On Jan. 15, FR AMF issued position on MiFID II suitability requirements.
- AMF position DOC-2019-03 applies in full ESMA guidelines on MIFID II suitability.
- Follows Nov. 2018, ESMA issued translations of suitability guidelines.
- Set out what investment service provider must do to verify suitability requirement in providing investment advisory, portfolio management services, for third parties.
- This position, is intended to replace the AMF position DOC-2012-13.
- In effect Mar. 6, 2019.