There is a misconception that if your firm is a US asset manager, then you don’t need to worry about MiFID II, when in reality you do. Even if your firm doesn’t have a physical presence in the EU, there may be components of the rule that are still applicable to your client mix or your asset classes.
The bottom line for non-EU asset managers? It all depends on the business model. Watch our second video of our “Are You MiFID II Compliant?” series here, to walk through several examples of where your firm needs to be to meet the trade publishing and transaction reporting guidelines.
MiFID II Alphabet Soup
MTF, OTF, RM, RPA, LEI….how can anyone keep track of the long list of MiFID II acronyms? Click here to download the MiFID II Acronym Cheat Sheet.
