Common Supervisory Action on MiFID II product governance rules

On 01 February 2021, the European Securities and Markets Authority (ESMA) has announced to launch a common supervisory action (CSA) with national competent authorities (NCAs) on the application of MiFID II (Markets in Financial Instruments Directive) product governance rules across the European Union (EU). 
The CSA shall help to promote and ensure the consistent implementation and application of EU rules and enhance the protection of investors in line with ESMA's objectives. The FMA (Financial Market Supervision in Austria) has announced to participate in the CSA.

Please find the full report here.