MiFID II: The four main points for advisers

Rules to be implemented in 2018

clock • 3 min read

This week the Financial Conduct Authority (FCA) published its final policy statement on the implementation of the Markets in Financial Instruments Directive II (MiFID II) for UK firms. Here are four ways advisers will be affected

The 1,000 plus page policy statement gave the industry a firm insight into the rules set to come into force on 3 January 2018. The rules are intended to help improve the functioning of the European Union (EU) single market by achieving a greater consistency of regulatory standards and improving investor protection.  Here are four points affecting advisers: 1. Recording phone calls and note-taking Financial advisers will have to either record or take notes of any phone calls with clients that are "intended to result in a transaction being undertaken". Although it's up to the in...

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