First delegated acts under the Mifid II reforms were released earlier this month
The European Commission has Monday adopted
the second delegated act under Mifid II, releasing the Mifid
Delegated Regulation which helps to clarify some of the core
definitions and requirements under the sweeping regulatory
A spokesperson told FOW the Commission
adopted the Mifid Delegated Regulation Monday morning and was
preparing to publish the details on its website on Monday
The spokesperson added: "The Delegated
Regulation adopted today clarifies core definitions under Mifid
II to ensure that they are well understood and consistently
applied. It further specifies organisational requirements for
investment firms with regard to the compliance function, risk
management, complaints handling, record-keeping, personal
transactions, outsourcing and conflicts of interest, including
the additional organisational requirements for underwriting and
placing services and the production and dissemination of
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