On 28 March 2019, the European Securities and Markets Authority (ESMA) published updated Q&As on MiFID II and MiFIR investor protection and intermediaries topics. A number of new Q&As have been introduced, together with a number of modified Q&As.

New Q&As introduced by the update address:

• the RTS 27 reporting requirements for market makers and other liquidity providers;
• the suitability report: use of generic statements;
• the level of individualisation of ex-ante information;
• conditions to be met to use costs grids/tables for ex-ante information;
• ex-ante information for the service of portfolio management;
• terminology in relation to information on costs and charges;
• taxes to be included in the ex-ante and ex-post costs and charges information;
• reverse solicitation;
• durable medium; and
• the target market of CoCo-bond funds.