MiFID

A place to discuss MiFID

Darren Thomas MD at IHS Markit

Fighting the Paper Tiger: The Challenge with MiFID II Repapering

Getting re-papered under the terms of MiFID II will test the relationships between dealer and asset manager. All the terms of business, policies and procedures that banks and broker dealers have with clients will need to be reassessed and likely repapered under the terms of MiFID II. As the regulation reaches new asset classes, requiring unpreceden...

27 September 2017 /regulation

Retired Member 

Hurdling towards the finish line of MiFID II

The upcoming implementation of the second iteration of the Markets in Financial Instruments Directive (MiFID II) is without doubt one of the most talked-about topics in the finance industry this year. So much so that for some firms the issue of making operational changes to prepare for the looming January 3 deadline has become more of a burden tha...

04 September 2017 /regulation

Retired Member 

Guide to implementation of client suitability and appropriateness framework for MiFID II

Introduction The genesis of the Client suitability and appropriateness framework lies in Markets in Financial Instruments Directive (MiFID II) regulation. MiFID II is scheduled to be implemented in January 2018. The aim of MiFID II is to increase efficiency and transparency in the European financial markets and to increase protection for investor...

04 September 2017 /regulation /inclusion

Brie Lam Regulatory Compliance Consulant at Independent

To Opt In or Not to Opt In? That’s the Question for Dealers Studying the SI Rules Under MiFID II

When ESMA announced in late 2016 that the quantitative threshold assessment under the MIFID II Systematic Internaliser (SI) regime would commence from 1st September 2018, rather than 3rd January 2018, many in the dealer community breathed a sigh of relief. This was understandable, as it bought time for those dealers likely to be assessed as SIs, b...

29 August 2017 /regulation

Retired Member 

RTS 28: More to compliance than meets the eye

In April of 2018 European investment firms will be required to publish their first ever disclosures about quality of trade execution, under the guidance of MiFID II's RTS 28. At first glance, one might conclude that ESMA has attempted to make the task achievable by limiting the scope of the disclosure to documenting the top five trading venues use...

21 August 2017 /regulation

Retired Member 

MiFID II - Finding the way to compliant communications

MiFID II seemed so far away when it was pushed back until January 3rd 2018!! This has been a long time coming, and despite the looming deadline, firms are still trying to work out what they need to do. This is causing challenges for them as they try and decide where to focus their resource and what is the highest priority…? MiFID II has widened on...

14 August 2017 /regulation

Kirston Winters MD, MarkitSERV at IHS Markit

MiFID II and Trade Reporting: Get Ready for Big Changes

MiFID came into effect in 2007 – under the current regime, buyside firms are typically not required to publish trades and real-time public reporting (“trade reporting”) is handled by trading venues and dealers. However, in January 2018, MiFID II rules will shift the responsibility for trade reporting to the buyside for certain products and in cert...

11 August 2017 /regulation

Ivy Schmerken Editorial Director at FlexTrade Systems

MiFID II Transparency Puts Stress on Data Architecture

With only four months to go until the MiFID II’s Jan. 3, 2018 implementation date, buy-side firms are facing huge changes in disclosure and transparency requirements, which could upend their data management architectures. Participants on a webinar hosted by A-Team focused on MiFID II: Data for Transparency, said that firms are wrestling with the ch...

09 August 2017 /regulation

Jan-Willem Van Capelle Financial Consultant at Drebbel

MiFID II: regulatory burden or a driver for innovative change?

Today, MiFID II is undoubtedly the main point of focus for financial services providers. Coming into force on January the 3rd 2018, every MiFID responsible compliance officer or project manager is supposed to be finalizing necessary organizational changes, and will soon be implementing regulatory tools that are required to become compliant. Both t...

31 July 2017 /regulation

Willem Lambrechts Managing Director at Drebbel

No thanks, we are too busy...

As a financial technology broker, we have the privilege of operating in the heart of the financial technology eco-system. From this position we observe a quite odd but stunning anomaly within financial institutions. Every single day in the financial press we read about financial institutions investing vast amounts of money in emerging technologies ...

27 July 2017 /regulation