MiFID delay could hinder fund access

The deadline for member states to transpose MiFID into domestic law was 31 January 2007, but so far only the UK, Bulgaria, Denmark, Ireland, Romania and Lithuania are known to have done so. Stewart Copland, consulting director at Etheios, says IFAs will be able to provide services to clients who have moved to another member state under MiFID’s passporting rules, but they may find it difficult to access funds in countries which have not yet transposed the directive. “Access to funds in other countries will probably be a lot faster if transposition has happened,” says Copland. In add...