ESMA CONSULTS ON SUITABILITY ASSESSMENTS OF DRSP MANAGEMENT BODY MEMBERS

The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today published a Consultation Paper (CP) on draft Regulatory Technical Standards (RTS) under the Markets in Financial Instruments Regulation (MiFIR) regarding suitability assessments of DRSP management body members.

ESMA proposes to introduce requirements covering the following areas:

• Good repute, honesty and integrity;
• Sufficient time commitment;
• Knowledge, skills and experience;
• Independence;
• Induction and training;
• Diversity; and
• Record-

...