ESMA: MiFID II conflict of interest requirements

ESMA has announced the launch of a common supervisory action with national competent authorities on conflicts of interest in the distribution of financial instruments which will assess how firms comply with their obligations under MiFID II to identify, prevent, and manage conflicts of interest when offering investment products to retail clients.  The action will focus on: remuneration and inducements; the role of digital platforms in directing investors towards certain products, and the ways firms manage potential conflicts between its profits and the needs of retail investors.