MiFID II is a significant piece of legislation – as big a project as MiFID I. Impacts will be from board to desk levels, affecting most functions and business lines. 104 Technical Standards add detail to the MiFID II framework, with very short time to review Discussion Paper and Consultation Paper. MiFID is connecting and linking with a number of other Directives (EMIR, MAD, CSDR, AIFMD, CRD IV) and is also creating harmonisation across Directives. Firms must take stock of business activities that will be affected and design project.
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