IFAs reveal MiFID confusion as deadline looms

The study by investment firm Brewin Dolphin also found 70% of advisers are confused as to whether or not they are directly regulated by the new Directive. The Markets in Financial Instruments Directive (MiFID) is part of an EU plan to harmonise the manner in which financial services are delivered by providing common standards of regulation across EU member states. Brewin Dolphin’s independent survey of more than 200 IFAs also found 80% believe that MiFID has not been sufficiently well explained to the adviser community. In addition, 87% feel that they did not know enough about the direct...