On 27 September 2022, the European Securities and Markets Authority (ESMA) published a statement reminding firms of the MiFID II requirements concerning fair, clear and not misleading information, suitability and product governance requirements. ESMA believes that investment firms may play a role in considering inflation and inflation risk, as appropriate, when manufacturing and distributing investment products and when providing investment services to retail clients. ESMA and Member State competent authorities will continue to closely monitor the situation and remind market participants that they should ensure compliance with all relevant MiFID II regulatory requirements at all times.