Third of January 2018 marked the go live date for MiFID II. But MiFID II compliance will be a journey, not an event. While implementation to date has been relatively smooth, there is a range of readiness across the market and it is uncertain for which areas – or for how long – regulators will accept on-going implementation.
Seven years in the making, MiFID II represents a fundamental shake-up to European financial markets and requires banks, investment firms, commodity brokers, exchanges, pension funds and trading venues operating in the EU to reassess their business models in order to be compliant. It aims to increase transparency, reduce risks and drive efficiencies in financial markets - and can represent both a threat and an opportunities to the firms targeted by the regulation.
So what impact has it had to date? And how can firms take practical steps to ensure compliance?
Whether you work in an investment bank or a pension fund, watch this space for the latest updates on MiFID II, including: