Investment sector eyes key areas for 'MiFID III' overhaul

'10% rule' and disclosure

clock • 4 min read

After a rocky start to the implementation of MiFID II, the investment industry has already begun to consider what the next iteration of the landmark directive could mean for their businesses and the regulation of European markets, with a number of key issues yet to be resolved.

Years of preparation for MiFID II, which came into force on 3 January, have not guarded firms against difficulties in its implementation, with areas of contention including fund transaction cost calculations, research acquisition rules and client call recording. MEP Kay Swinburne, who was a key UK representative in the formation and introduction of MiFID II, was likely the first high-profile figure to discuss the idea of "MiFID III" last year, saying concessions had been made in legislating for MiFID II and a third iteration of the directive would be used to rectify concerns. Jon Dean...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

Simpler advice rules should not mean simpler client understanding

Simpler advice rules should not mean simpler client understanding

The direction of travel is clear

Elly Dowding and Lee Coates
clock 17 July 2026 • 2 min read
Failed financial advice firms tracker

Failed financial advice firms tracker

Firms that the FSCS has confirmed as failed since the start of 2023

Professional Adviser
clock 14 July 2026 • 1 min read
The Mills Review: AI innovation must be matched by AI governance

The Mills Review: AI innovation must be matched by AI governance

As AI becomes embedded in FS governance can no longer be treated as an afterthought

Chris Davies
clock 13 July 2026 • 4 min read