Esma Public Statement of 6 May 2020 - CONSOB AND ITS ACTIVITIES
Esma Public Statement of 6 May 2020: COVID-19: Reminder of firms' MiFID II conduct of business obligations in the context of increasing retail investor activity
The European Securities and Markets Authority (ESMA), the EU's securities markets regulator, is issuing a Public Statement on the risks for retail investors when trading under the highly uncertain market circumstances due to the COVID-19 pandemic. ESMA also reminds investment firms of the key conduct of business obligations under MiFID when providing services to retail investors.