Industry report

A-Team Group’s MiFID II Handbook 2018

The post MiFID II world

Welcome to the third edition of A-Team Group’s MiFID II handbook, a review of how firms have fared since implementation of the regulation on January 3, 2018, the compliance challenges still to be tackled, and the operational and business benefits of a strategic approach.

The handbook also provides a detailed guide to the data and technology aspects of Markets in Financial Instruments Directive II (MiFID II) and builds on previous editions with additional material on MiFID II in practice and requirements from research unbundling to timestamping and clock synchronisation. Some handy boxes outlining MiFID II and Markets in Financial Instruments Regulation (MiFIR), milestones in their development, and key links to detailed information are also included.

While MiFID II Day One went well with no major incidents, and despite the huge investments and efforts put into compliance before the deadline, the early months of operation have underlined the complexity of the regulation, the need for additional regulatory guidance on some issues, and the shortfalls in achieving the regulation’s foundational aims of market transparency and investor protection that must be remedied.