The of counsel and the associate of TELLES, Márcio Carreira Nobre and Diogo Damião, write, for the International Financial Law Review (IFLR), about the Markets in Financial Instruments Directive II (Mifid II) implementation status, in Portugal.
Márcio Carreira Nobre and Diogo Damião state that “…the practical implementation of Mifid II by Portuguese supervisors may reveal, in some cases, a stricter approach than what was anticipated. An example of this could be the stricter approach by Portuguese supervisors in areas concerning inducements and product governance. In light of the all too recent BES and BANIF scandals and related complaints of financial product misplacement, the Report is clear in pointing out the financial supervisors’ intention…”
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