'Still obstacles to overcome': MiFID II's implementation - one year on

The second iteration of the Markets in Financial Instruments Directive (MiFID II), which came into force in January 2018, placed a raft of onerous new requirements on firms with regard to fee and performance disclosures, while adding strict restrictions on how they go about acquiring research. It was born in the wake of the financial crisis and, like other regulations that were introduced at the time, it sought to achieve greater transparency in financial markets and improve investor protection standards. Kay Swinburne MEP: What we intended with MiFID II Partner at law firm Dechert...