MiFID II: How the delegated acts will impact product governance

Rob Swan, managing director - data services at Calastone Data Services, examines the implications of the latest set of European regulations for fund managers.

At the crux of the Markets in Financial Instruments Directive II (MiFID) is a regulatory desire for enhanced transparency across a number of financial institutions and market infrastructures. Passport ID 'illogical' addition to MiFID II The European Commission (EC) finally published the first of MiFID II's delegated acts on 7 April, which brings greater clarity on issues around product governance. MiFID II is due to take effect in January 2018 having been delayed by one year as regulators recognised financial institutions would struggle to build the prerequisite infrastructure and ...