226 Results
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financial regulation briefing
01 Dec 2016 How extra-territorial is MiFID?
How extra-territorial is MiFID? This is a question that we have been asking ourselves, and been being asked by clients, for some time now. We sometimes hear…
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client briefing
18 Feb 2020 MiFID II REFIT is here....
The European Commission has launched a survey consultation on MiFID II which has questions that many market participants will be interested in. The reason for…
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FINANCIAL regulation briefIng
15 Jun 2016 #9 MiFID II Review - European Commission adopts Delegated Acts on MiFID II
The Delegated Acts follow the publication of the MiFID Delegated Directive in relation to research and product governance on 7 April 2016, which we covered in…
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#5 MiFID Briefing series
01 Apr 2015 The MiFID II Review - HMT Consultation on MiFID II
Introduction HM Treasury ("HMT") has published a consultation paper on the UK's approach to the transposition of the MiFID II Directive (2014/65/EU) into…
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INVESTMENT FUNDS INSIGHT ISSUE 1 | EUROPE
26 Apr 2017 MiFID for asset managers
From 3 January 2018, MiFID II will require everyone engaging in the dealing and processing of financial instruments to implement new policies, procedures and…
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financial regulation briefing
05 Oct 2017 MiFID II Series #15 - UK regulator publishes MiFID II papers (CP17/8 and PS17/5)
On 31 March 2017, the FCA published its first policy statement PS 17/5 and a fifth (unexpected) consultation paper CP17/8 on MiFID II. Together, these…
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financial REGULATION briefing
14 Jul 2017 MiFID II Series #16 - The time for talking is almost over: FCA publishes MiFID II papers (PS17/14 and CP 17/19)
On 3 July 2017, the FCA published its second Policy Statement (PS 17/14) (second PS) on the implementation of MiFID II, alongside a sixth Consultation Paper…
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financial regulation briefing
04 Jan 2017 MiFID II/MiFIR: share trading obligation
Article 23 of MiFIR requires an investment firm to ensure the trades it undertakes in shares admitted to trading on a regulated market or traded on a trading…
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financial regulation briefing
03 Oct 2016 The MiFID II Review - Product Governance: How to assess target market
MiFID II lays down a number of product governance requirements (in Articles 16(3) and 24(2) predominantly) and states that the requirements on product…
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Financial regulation briefing
10 Aug 2016 The MiFID II Review #10 - The FCA's Consultation Paper 2 (CP16/19)
The FCA has now published its second Consultation Paper on implementing MiFID in the UK. Apart from numerous references to the continued need to implement…
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FINANCE REGULATORY
31 May 2023 MiFID III arrives as the Retail Investment Package is unveiled
The scope includes MiFID financial instruments, such as structured products and related instruments but is also wider The proposals are set out in a…
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financial regulation
01 Mar 2021 MiFID "Quick Fix" is here
On 26 February 2021, the MIFID Quick Fix Directive was published in the Official Journal. The changes are welcome, even if it's a stretch to call them…
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financial regulation briefing
17 Dec 2015 MiFID II Series #7 – FCA's Consultation Paper I
On 14 December 2015, the FCA published the first of a series of MiFID II Consultation Papers, this one covering the markets elements of MiFIR. Given that…
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Financial regulatory
06 Feb 2020 MiFID II: The difficulties of Equivalence
Headline messages The key takeaways are: MiFID third country regime tightened. More information required from third country firm to ESMA. In some…
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#3 MiFID Briefing Series
01 Jan 2015 THE MiFID II REVIEW - ESMA's final report and follow-up Consultation Paper
Introduction In our MiFID Briefing No. 1 and MiFID Briefing No. 2, we explained the revised MiFID and MiFIR legislation and ESMA's original Discussion and…
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Financial regulation briefing
03 Jan 2017 The MiFID II Review #13 - FCA's fourth and final CP on MiFID II: an end of year sweep up before the real work begins
The FCA has published its final consultation on MiFID II on 16 December 2016 (CP16/43). This is the fourth consultation from the FCA on MiFID II and covers a…
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financial regulation
28 Apr 2021 The MiFID II rollback: Research and best execution
The FCA has issued a consultation paper "Changes to UK MiFID's conduct and organisational requirements" (CP 21/9), setting out proposals to roll-back MiFID II…
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Finance Regulatory
07 Mar 2022 MiFID II UK Shake Up - More Marathon Than Sprint
The publication is the latest step in the emergence of a post-Brexit UK MIFID regime Although, the changes are often material (in particular share trading…
