Goal of the guidelines is to enhance investor protection by increasing the knowledge and competence of natural persons giving investment advice or providing information about financial instruments, investment services or ancillary services to clients on behalf of investment firms.
As required under Art. 25 (9) MiFID II, these guidelines specify the criteria for the assessment of the necessary knowledge and competence requirements of the investment firms’ employees. They have been developed to enable firms to fulfil their obligations under Art. 24 and 25 MiFID II, such as meeting general conduct of business principles, client information as well as client reporting and suitability & appropriateness, through the achievement of appropriate qualifications and experience by their employees. Link