A year in regulation: Stirring through GDPR, MiFID II, PROD and more

MiFID II comes into force 2018 will at least in part be remembered as the year the second set of Markets in Financial Instruments Directive (MiFID II) rules came into being. On 3 January, the rules went live and, in theory at least, advisers should already have been compliant. Among other things, the new rules mean advisers are required to take written notes of conversations with clients and to inform a client if a portfolio falls by 10% or more. MiFID II has been accused of being a headache, with grumblings the additional paperwork has hindered client engagement.   PROD comes into pla...