The Markets in Financial Instruments Directive II (Mifid II) will massively increase transaction reporting obligations and raise significant challenges for asset managers, forcing them to enhance their technology systems in a relatively short amount of time, experts warn.
The new reporting regime will require significant IT expenditure for all investment firms. The regulations are scheduled to go into effect on January 3, 2017.
“Firms will need to map their existing procedures against the new rule
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