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Implementation Taskforce response to the EC consultation on Sustainable Finance Initiative - MiFID II suitability requirements

The Implementation Taskforce have responded to the EC consultation on Sustainable Finance Initiative - MiFID II suitability requirements.

We welcome the Commission’s Action Plan on Financing Sustainable Growth and the consultation on the subsequent amendment to the delegated acts under MiFID II to ensure that sustainability preferences are taken into account in the suitability assessment. We agreed with the findings of the High Level Expert Group, that this should be a ‘routine component of financial advice’.

While welcoming the consultation, we have made a number of specific observations in relation to the recitals. Our full response to the EC consultation is available to download below.