ESMA issues findings on MiFID II sustainability suitability
ESMA published results of its Common Supervisory Action on MiFID II sustainability integration in suitability and product governance.
ESMA's statement highlights supervisory themes on how investment firms integrate client sustainability preferences and embed sustainability into product governance. It promotes proportionate supervision but signals expectations for consistent implementation.
Investment firms face direct supervisory expectations on sustainability suitability and product oversight.
Action Required
Benchmark suitability assessments and product governance processes against ESMA's CSA findings and remediate gaps.
Defines pan-EU supervisory expectations on MiFID II sustainability obligations.
Review suitability questionnaires, advisor training and product governance documentation against ESMA CSA themes; update controls in RCSA.
“ESMA issued a statement presenting the results of its Common Supervisory Action on how sustainability is integrated into firms’ suitability assessment and product governance processes.”
Published: 2026-05-06