MiFID could lead to menu changes

According to a statement issued this morning by the Financial Services Authority, the regulatory body will “review with an open mind” the impact of depolarisation and the use of disclosure documents, as part of a wider consultation in October on the implementation of regulatory requirements for the Markets in Financial Instruments Directive (MiFID). While the EU MiFID regulations will only directly affect products such as collective investments and similar related investment transactions, the FSA is having to consider whether to impose a ‘super-equivalent’ across the wider retail financial...