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MiFID II Implementation: “Hurry Up and Wait" 

August 10, 2016

Chris Tiscornia, Traders Magazine

As members of the European financial community attempt to develop a better understanding of the far reaching consequences of the recent “Brexit” referendum to their business structures, many investment management firms are simultaneously preparing for changes to their research processes that will result from the implementation of the European Commission’s Delegated Acts for the Markets in Financial Instruments Directive (MiFID II) in January 2018. While the investment research industry may see more changes in the next two years than it has in the last two decades, the most important word here is “may.”

Since the Delegated Directive was published in April, many firms are studying what modifications and enhancements will be needed to their infrastructure and workflow to comply with regulatory requirements.  As we await further guidance in the form of consultative papers from the respective European regulators, it is important to reconsider the potential impact that an increasingly complex and burdensome regime can have on the industry’s competitive landscape. Read more

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