The European Securities and Markets Authority (ESMA) has published Guidelines on remuneration policies and practices which apply to relevant staff of investment firms, credit institutions and fund management companies when providing investment services, and to national securities regulators enforcing those rules.

The Guidelines strengthen investor protection by improving the implementation of the conflicts of interest and conduct of business provisions set out in the Markets in Financial Instruments Directive (MiFID) in the area of remuneration. Improving remuneration arrangements will help to create the right incentives and to prevent mis-selling.

Full ESMA Press Release.