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UK Finance MiFID II Guidance on Product Governance and Retail Costs and Charges

  • Published date: 12.12.2017

UK Finance has drafted guidelines to support firms and industry stakeholders in their implementation of some of the key MIFID II requirements for product governance and retail costs and charges. 

A key objective of the guidelines is to promote a consistent industry approach to MiFID II, which would be of immense benefit to both firms and the end-client.

There are four sets of guidelines:

  1. MiFID II Product Governance: Guidelines on Target Market Identification
  2. MiFID II Product Governance: Guidelines on Information Exchange Between Manufacturers and Distributors
  3. MiFID II Product Governance: Standard Responsibilities Annex
  4. MiFID II Retail Costs and Charges: Guideline Q&As

Please note that the contents of these documents are output from the relevant UK Finance working groups, and represent the views of the members of those working groups. The content is strictly for guidance only, and has not been approved by a regulatory body. It does not represent formal or legal regulatory advice. While anyone is welcome to use the document, it is entirely at their own risk.

UK Finance would also like to emphasise that these guidelines are not binding, and do not give rise to any enforceable obligations or duties.

  • Published date: 12.12.2017