Mifid II: What you need to know
The new Mifid II regulation casts a wide net in terms of the investment companies and professionals it impacts. FE unpacks the biggest changes and what they mean for managers and advisers.
MiFID II
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Wealth managers refused FCA opt out from Mifid ‘taping’ rule
New rules to force wealth managers to tape telephone calls with clients will not apply to smaller advisory firms, the FCA revealed on Friday.
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Asset managers fear hit to profits; consider passive launches
A group of asset managers surveyed by Portfolio Adviser unanimously agreed that the industry will become less profitable over the next three years.
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FCA publishes third consultation paper on MiFID II
The Financial Conduct Authority (FCA) has published its third consultation paper on the implementation of the revised Markets in Financial Instruments Directive (MiFID II).
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FCA publishes second MiFID II paper
The Financial Conduct Authority (FCA) has published its second consultation paper on the implementation of MiFID II in the United Kingdom.
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UK trade body creates ‘toolkit’ on how to comply with Mifid II
The UK’s Chartered Institute for Securities & Investments (Cisi) has published a guide to help firms meet the new European Securities and Markets Authority (Esma) regulations.
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FCA chairman wants “less is more” approach to wealth manager regulation
FCA chairman John Griffith-Jones has spoken out on the “realistic, if not ideal” delay to MiFID II, while acknowledging the need for a “less is more” approach to the regulation of wealth managers
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MIFID II delay ‘probably necessary’
An industry frustrated by the lack of clarity over MIFID II’s detailed requirements would welcome a year-long deferral.
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EC signals MIFID II delay
The European Commission has said it is considering a delay of up to a year to the initiation of the second iteration of the Markets in Financial Instruments Directive.
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ESMA publishes final standards for MiFID II
The European Securities and Markets Authority (ESMA) has released its final technical standards for MiFID II and the Market Abuse Regulation (MAR), which set out how the new legislation will work in practice.
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Asset Management regulatory burden to jump as much as 30% – Survey
Roughly three in four asset managers expect to spend both more time and money on adhering to increasingly stringent regulations in 2015, a study by Alpha FMC has revealed.
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Scrap RDR, follow MiFID II on independence – WMA
The Retail Distribution Review has failed to meet its objective of clarity of service, the Wealth Management Association said, leading to widespread misunderstanding and use of the ‘independent’ and ‘restricted’ labels.