Revision to FIN-FSA regulations and guidelines 7/2018 concerning the MiFID II compliance function requirements
By revising regulations and guidelines 7/2018, the Financial Supervisory Authority (FIN-FSA) implements nationally the European Securities and Markets Authority’s (ESMA) guidelines on certain aspects of the MiFID II compliance function requirements (ESMA35-36-1952). These guidelines replace the ESMA guidelines on the same topic ESMA/2012/388.
The revision will enter into force on 7 June 2021.
In its regulations and guidelines, the FIN-FSA recommends that entities falling within the scope of application of the ESMA Guidelines comply with them.
The objectives of ESMA's guidelines are
- to establish consistent, efficient and effective supervisory practices within the ESFS and
- to ensure the common, uniform and consistent application of certain aspects of the MiFID II compliance function.
For further information, please contact
Riitta Seppä, Market Supervisor, +358 9 183 5027 or riitta.seppa(at)fiva.fi