MiFID v2 sets out rules on advice

MiFID is the EU directive which essentially sets out the background principles behind regulation of the UK investments and investment-based advice, as well as the information and standards which must be set when detailing with retail consumers. The “level 2” draft implementing measures will make operational the principles set out in the earlier “level 1” Directive and were sent to the European Parliament and European Securities Commission yesterday to be examined over the next three months. The Commission says the draft measures are designed to protect investors and consumers without im...