The primary purpose of MiFID II is to enhance and strengthen “MiFID I.” However, MiFID II is a complicated, winding road of directives. The areas of business impacted cover everything from the investment decision, all the way to client reporting. The systems impacted span from the front to back office. To break the enormity of MiFID II for the sake of sanity, we will cover five main areas of focus.
If you’re in compliance, specifically with a Non-EU asset management firm, you may have sat back and enjoyed the show that MiFID II produced among those firms servicing clients in the European Union. It can be hard enough to keep up with the ever-changing landscape of regulations at home, never mind keeping an eye on what goes on across the pond.
If you work for a US Investment Management firm, you may have thought MiFID II doesn’t apply to you, it’s time to take off the party hats, and give this directive a second glance. IMP, will walk you through the highlights of the directive, and help to guide you in identifying how your firm may be impacted.
