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

SM&CR second most stressful

Sophie King
clock • 1 min read

MiFID II is the piece of regulation that has been giving advisers the biggest headache, according to an 'unscientific poll' Intelliflo conducted across its 'Change the Game' conferences.

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...

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 Technology

ChatGPT is changing how clients find advisers

ChatGPT is changing how clients find advisers

Prospective clients using AI tools to find financial advisers

Sahar Nazir
clock 17 July 2025 • 6 min read
AI adoption among advisers rises as they call for faster progress

AI adoption among advisers rises as they call for faster progress

More than two-fifths are now using AI, Intelliflo has found

Isabel Baxter
clock 17 July 2025 • 1 min read
City minister backs financial services sector skills compact

City minister backs financial services sector skills compact

AI and technology skills gap poses ‘real threat’, minister says

Jen Frost
clock 17 July 2025 • 2 min read