Page 49 - 期货和衍生品行业监管动态（2022年7月）

期货和衍生品行业监管动态

The Consultation Paper also includes good practices identified in the 2021 CSA
to complement the existing guidelines, as well as an additional case study. ESMA

believes that these practical examples will help firms comply with the relevant

product governance requirements.

The product governance requirements introduced by MiFID II have proved to be

one of the most important elements of the MiFID II investor protection framework,

aiming at ensuring that firms act in their clients’best interests during all stages of the

investment product’s life cycle and preventing mis-selling. As part of the product

governance requirements, a target market of end clients must be identified and

periodically reviewed for each product, as well as a distribution strategy that must be

consistent with the identified target market.

Next Steps

The consultation closes on 7 October 2022. ESMA will consider the feedback it
receives to the consultation in Q4 2022 and expects to publish a final report in Q1

2023.

https://www.esma.europa.eu/press-news/esma-news/esma-reviews-mifid-ii-product-g

overnance-guidelines

17. 欧洲证券与市场管理局审查清算和衍生品交易义务 （2022 年 7 月 11 日）

欧洲证券与市场管理局（ESMA，欧盟证券市场的监管者）就扩大清算义务

（CO）和衍生品交易义务（DTO）的范围事宜公开征求意见。

根据利率衍生品市场的基准转换所取得的进展，此次征求意见稿在 CO 和

DTO 的范围内引入额外的品种。这些变化对在基准转换背景下形成的第一组变

化进行了补充。

ESMA 建议：

 CO

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