MiFID checklist: 10 ways advisers should prepare for the incoming legislation

According to Nucleus and Phil Young

Tom Ellis
clock • 2 min read

Nucleus and compliance expert Phil Young have launched a report on the Markets in Financial Instruments Directive II (MiFID II), and are offering advisers a list of 10 things they should do in order to prepare for the incoming legislation

MiFID II comes into effect on 3 January 2018 - in just more than 10 weeks' time - and although Zero Support managing partner Phil Young said there are still some questions to be answered by the regulator, he urged advisers to get their compliance in order as soon as possible. "What advisers must first assess, and is perhaps most important on their road to MiFID compliance, is what impact this will have on your clients and how you deal with them," he said. "There is going to be changes to the ways businesses operate because of MiFID and with general data protection regulation coming in...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA data information request: Four focus areas for advisers

FCA data information request: Four focus areas for advisers

‘Data is not just a compliance tool it’s a strategic asset’

Chris Davies
clock 07 July 2025 • 5 min read
FCA to extend bullying and harassment rules to non-banks

FCA to extend bullying and harassment rules to non-banks

Extension will apply to 37,000 firms

Cristian Angeloni
clock 02 July 2025 • 2 min read
Regulatory necessity: Why data is no longer a 'nice to have'

Regulatory necessity: Why data is no longer a 'nice to have'

Client-led, data-driven

Paul Bruns
clock 01 July 2025 • 5 min read