MiFID II Product Governance – Proportionality: Rules of the road

Latham & Watkins LLP

MiFID II Product Governance -

Proportionality: Rules of the road -

The product governance rules in MiFID II represent a fundamental change in the way firms design and distribute financial instruments. The rules largely replicate the existing UK regime applicable to retail structured products. However, in extending the rules to all financial instruments, the regulators have done nothing to tailor them to financial instruments that may be vastly different in terms of risk profile or complexity. Nor have they been express in confirming how the rules might apply in wholesale markets. Instead, the regulators have introduced the concept of proportionality and have left it up to individual firms to define how proportionality should be applied in the context of their business.

Please see full Guide below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Latham & Watkins LLP | Attorney Advertising

Written by:

Latham & Watkins LLP

Latham & Watkins LLP on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.