Banking Alert! Where to next on the MiFID journey?
MiFID II took seven years from consultation to implementation and generated 30,000 pages of rules. Nine months have passed since the go-live date on 3 January. Firms could be forgiven for finally wanting to tick it off their “To Do” lists. However, we haven’t yet reached our destination on the MiFID journey.
Based on regulatory publications and statements, we are here to highligh (i) the key areas of MiFID II on which supervisors are expected to focus (which may be subject to change); (ii) areas where revisions to MiFID II are already planned or underway; and finally (iii) areas where medium-term revisions to MiFID II are possible.