MiFID II came into effect on 3 January 2018, replacing MiFID (Market’s in Financial Instruments Directive) which was introduced in 2007.
The directive sets out to:
To achieve this, MiFID II has introduced a broad range of regulatory obligations on financial firms, and while MiFID II is a EU legislation, it impacts firms beyond Europe.
With over 1.4 million paragraphs, MiFID II is a significant piece of legislation to get to grips with. Working out the full implications continues to be a pressing issue for many firms.
SteelEye was launched to help firms Comply SmarterTM and provides firms with the tools to meet their Record Keeping, Transaction Reporting and Best Execution requirements under MiFID II. Book a demo to learn more about how SteelEye can help you comply!