Current MiFID regulations date back to 2004, but are being revised to improve the functioning of financial markets following the financial crisis of a decade ago, while further strengthening investor protection.
MiFID II brings a whole plethora of changes to bear for financial firms
With MiFID II starting in less than 100 days, firms around the globe are being forced to take a hard look at their electronic communications practices and assess how they align with the new regulations. A surprise to many is that MiFID II requires firms to archive and supervise a wide range of telephone and electronic communications with clients, including information from personal computers, phones and tablets used in day-to-day work. There is still time to get one’s house in MiFID II order. In the latest blog, Smarsh MiFID II expert Ian Hook discusses the regulation and offers a four-step check point plan as a guide for those unsure of exactly how best to proceed.
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