On 3 October 2019, the European and Securities Markets Authority (ESMA) published an updated version of its Q&As on investor protection and intermediaries topics under Markets in Financial Instruments Directive (“MiFID II”) and Markets in Financial Instruments Regulation.

The updated Q&As modify the answer to question 8 on best execution concerning how the Regulatory Technical Standards (“RTS”) 27 and RTS 28 reports should be made available to the public.

The updated Q&As also modify the answer to question 1 on other issues in relation to how the term “ongoing relationship” is used and should be understood in the context of MiFID II.

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