Draft MiFID guidelines published

The guidelines, covering investment research, suitability and appropriateness, best execution and conflicts of interest, are based on draft Financial Services Authority text and relate to the FSA’s expected rules on implementing MiFID. They have been developed by trade associations such as the Association of British Insurers (ABI) and the British Bankers’ Association (BBA). The guidelines on the suitability and appropriateness sections of MiFID explain measures firms may adopt to comply with the directive’s requirements, such as taking reasonable steps to ensure a personal recommendatio...