IFAs with EU clients urged to meet MiFID deadline

The trade body is flagging up the MiFID deadline to IFAs and has produced a factsheet in conunction with the FSA in a bid to help advisers through the process. There had been some confusion about whether IFAs advising clients based in the European Economic Area (EEA) would have to operate under MiFID but the FSA has confirmed this is now the case. The regulator says although advisers have been aware of the conditions since May, many have contacted the regulator for further clarification. In response, the FSA has created a dual application form for the two processes needed for UK IFA...