MiFID II is advisers' biggest red-tape headache - Intelliflo

At Intelliflo's recent events in London and Manchester, 129 delegates were asked which regulation gave them and their businesses the biggest headache.  Two thirds of advisers (66%) picked out the second Markets in Financial Instruments Directive (MiFID II), which came into effect at the beginning of 2018, as the regulatory issue that most had them reaching for the Neurofen, while 22% thought the Senior Managers & Certification Regime was giving them the most grief. Only 7% chose PROD - the Financial Conduct Authority's (FCA) term for its product governance and product intervention sou...