Kay Swinburne MEP: What we intended with MiFID II

As vice-chair of the European Parliament's Economic and Monetary Affairs Committee, Conservative MEP Dr Kay Swinburne played a pivotal role in navigating the second iteration of the Markets in Financial Instruments Directive (MiFID II) through the European Parliament. Here she talks through the legislation and its implications for the UK's financial advisers. Broadly speaking, what would you say were the underlying intentions of the MiFID II legislation? The legislators wanted to create fair, effective and competitive markets, operating with a single rulebook across the European Union...