Regulatory challenges differ for buy and sell-side but some firms are reluctant to press the button on their Mifid projects
Firms are fully aware of the implications
of missing regulatory deadlines but similarly there are also
risks associated with investing in compliance too early because
the rules might change, writes Julie
European trading firms are currently
formulating their plans to ensure they are compliant with the
vast Mifid II directive which is now set to take effect in
January 2018 after its implementation was postponed by a year
The challenge however is that some of the
technical standards underpinning the regulation has not yet
been defined, meaning firms that implement their compliance
systems now may have to go back and tweak these tools
Firms that go early on compliance systems
also risk paying for services they do not need if the
regulatory deadline is pushed back, which is not unusual.
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