The Cyprus Securities and Exchange Commission ( '' CySEC'') , whose Mission is to exercise effective supervision to ensure investor protection and the healthy development of the Cyprus securities market, has announced an updated version of its ' MiFID 11 Supervisory briefing on appropriateness and execution only ' and its ' MiFID supervisory briefing on suitability '.
The purpose of these supervisory briefings is to promote a common supervisory approach in the application of the MiFID appropriateness / suitability rules to the competent authorities.
They cover areas such as Assessment of Appropriateness ; Obtaining Information from Clients; Warnings to Clients; Qualifications of the firm's staff and record keeping among others.