This paper will explore the impact that the SI regime is having on financial services firms as they prepare for the September 1 deadline. Firms deciding on SI registration need answers to crucial questions, such as:
- Does the firm need to become an SI due to existing or expected trade volumes?
- Does the firm need to become an SI in order to become or remain competitive?
- What does the firm need to do from an operational workflow, technology and data perspective to implement the infrastructure needed to become an SI?