In April 2014, the European Union approved MiFID II, an updated version of the original Markets in Financial Instruments Directive (MiFID), implemented in 2007. MiFID II is set to take effect on 3rd January 2018, so firms don’t have long to get up to speed with this new regulatory regime. MiFID II is expected to present a significant compliance challenge for all firms already within the remit of MiFID and, potentially, for many more that may come under the new Directive.
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